Tender 1092

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 5 November 2018. Details of the tender are set out below.

Series Offered 3.00% 21 March 2047
Series Number TB150
ISIN AU000XCLWAS7
Offered to Public ($million) 500
First Coupon Payment Due* 21 March 2019
First Coupon Payment Amount (per $100 face value) $1.50

*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 Yieldbroker DEBTS, between 10.45 am and 11.00 am Australian Eastern Daylight Time on Monday, 5 November 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 Wednesday, 7 November 2018.

Last updated: 5 November 2018

Results

5 November 2018

Series Offered 3.00% 21 March 2047
Series ID TB150
ISIN AU000XCLWAS7
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 3.2330
Coverage Ratio 2.6180
Lowest Yield Accepted (%) 3.2250
Highest Yield Accepted (%) 3.2375
Volume of Bids Received ($million) 1,309
Number of Bids 54
Number of Successful Bids 24
Number of Bids Allocated in Full 19
Best Bid (%) 3.2250
Worst Bid (%) 3.2725
Weighted Average Bid (%) 3.2429
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 32.6

*Individual allotments may vary due to rounding.

Last updated: 5 November 2018