Tender 1108

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 13 February 2019. Details of the tender are set out below.

Series Offered 2.75% 21 November 2029
Series Number TB154
ISIN AU000XCLWAX7
Offered to Public ($million) 900
First Coupon Payment Due* 21 May 2019
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 Yieldbroker DEBTS, between 10.45 am and 11.00 am Australian Eastern Daylight Time on Wednesday, 13 February 2019.

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 Friday, 15 February 2019.

Last updated: 13 February 2019

Results

13 February 2019

Series Offered 2.75% 21 November 2029
Series ID TB154
ISIN AU000XCLWAX7
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 2.1564
Coverage Ratio 2.9756
Lowest Yield Accepted (%) 2.1525
Highest Yield Accepted (%) 2.1575
Volume of Bids Received ($million) 2,678
Number of Bids 35
Number of Successful Bids 13
Number of Bids Allocated in Full 5
Best Bid (%) 2.1525
Worst Bid (%) 2.1675
Weighted Average Bid (%)  2.1606
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 86.9

*Individual allotments may vary due to rounding.

Last updated: 13 February 2019