Tender 1036

Announcement

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

Series Offered 4.50% 21 April 2033
Series Number TB140
ISIN AU000XCLWAG2
Offered to Public ($million) 400
First Coupon Payment Due* 21 April 2018
First Coupon Payment Amount (per $100 face value) $2.25

*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 Monday, 5 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 Wednesday, 7 February 2018.

Last updated: 5 February 2018

Results

5 February 2018

Series Offered 4.50% 21 April 2033
Series ID TB140
ISIN AU000XCLWAG2
Offered to Public ($million) 400
Amount Allotted to Public ($million) 400
Weighted Average Issue Yield (%) 3.0717
Coverage Ratio 1.8725
Lowest Yield Accepted (%) 3.0675
Highest Yield Accepted (%) 3.0775
Volume of Bids Received ($million) 749
Number of Bids 28
Number of Successful Bids 18
Number of Bids Allocated in Full 16
Best Bid (%) 3.0675
Worst Bid (%) 3.0950
Weighted Average Bid (%) 3.0765
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 18.3

*Individual allotments may vary due to rounding.

Last updated: 5 February 2018