Tender 1035

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 2 February 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 2018
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 the Yieldbroker DEBTS System, between 10.45 am and 11.00 am Australian Eastern Daylight Time on Friday, 2 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, 6 February 2018.

Last updated: 2 February 2018

Results

2 February 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 (%) 3.4359
Coverage Ratio 2.5300
Lowest Yield Accepted (%) 3.4300
Highest Yield Accepted (%) 3.4400
Volume of Bids Received ($million) 1,265
Number of Bids 56
Number of Successful Bids 28
Number of Bids Allocated in Full 20
Best Bid (%) 3.4300
Worst Bid (%) 3.5050
Weighted Average Bid (%) 3.4417
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 12.8

*Individual allotments may vary due to rounding.

Last updated: 2 February 2018