Tender 1037

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 7 February 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) 600
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 Wednesday, 7 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 Friday, 9 February 2018.

Last updated: 7 February 2018

Results

7 February 2018

Series Offered 2.75% 21 November 2028
Series ID TB152
ISIN AU000XCLWAU3
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 2.8862
Coverage Ratio 5.4267
Lowest Yield Accepted (%) 2.8800
Highest Yield Accepted (%) 2.8875
Volume of Bids Received ($million) 3,256
Number of Bids 48
Number of Successful Bids 15
Number of Bids Allocated in Full 6
Best Bid (%) 2.8800
Worst Bid (%) 2.9200
Weighted Average Bid (%) 2.8920
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 75.6

*Individual allotments may vary due to rounding.

Last updated: 7 February 2018