Tender 1040

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 16 February 2018. Details of the tender are set out below.

Series Offered 2.00% 21 December 2021
Series Number TB151
ISIN AU000XCLWAT5
Offered to Public ($million) 400
First Coupon Payment Due* 21 June 2018
First Coupon Payment Amount (per $100 face value) $1.000

*Coupons will be paid at half-yearly intervals thereafter.

Lodgment of Bids

Bids may be lodged by Registered Bidders through the AOFM Tender System, which is accessed via the Yieldbroker DEBTS System, between 10.45 am and 11.00 am Australian Eastern Daylight Time on Friday, 16 February 2018.

All bids must comply with the Information Memorandum for Treasury Bonds [PDF 792KB | RTF 1.215MB] dated 3 October 2017.

Announcement of Results

The results of the tender are expected to be announced as soon as practicable after the closing time for the lodgment of bids.

Settlement Arrangements

Successful bids for Treasury Bonds offered in the tender must be settled in the Austraclear System on Tuesday, 20 February 2018.

Last updated: 16 February 2018

Results

16 February 2018

Series Offered 2.00% 21 December 2021
Series ID TB151
ISIN AU000XCLWAT5
Offered to Public ($million) 400
Amount Allotted to Public ($million) 400
Weighted Average Issue Yield (%) 2.2960
Coverage Ratio 5.0275
Lowest Yield Accepted (%) 2.2925
Highest Yield Accepted (%) 2.2975
Volume of Bids Received ($million) 2,011
Number of Bids 41
Number of Successful Bids 15
Number of Bids Allocated in Full 7
Best Bid (%) 2.2925
Worst Bid (%) 2.3100
Weighted Average Bid (%) 2.3026
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 56.5

*Individual allotments may vary due to rounding.

Last updated: 16 February 2018