Tender 1047

Announcement

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

Series Offered 2.75% 21 November 2028
Series Number TB152
ISIN AU000XCLWAU3
Offered to Public ($million) 500
First Coupon Payment Due* 21 May 2018
First Coupon Payment Amount (per $100 face value) $1.375

*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 March 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 March 2018.

Last updated: 16 March 2018

Results

16 March 2018

Series Offered 2.75% 21 November 2028
Series ID TB152
ISIN AU000XCLWAU3
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.7124
Coverage Ratio 4.4620
Lowest Yield Accepted (%) 2.7100
Highest Yield Accepted (%) 2.7125
Volume of Bids Received ($million) 2,231
Number of Bids 34
Number of Successful Bids 7
Number of Bids Allocated in Full 1
Best Bid (%) 2.7100
Worst Bid (%) 2.7250
Weighted Average Bid (%) 2.7172
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 96.7

*Individual allotments may vary due to rounding.

Last updated: 16 March 2018