Tender 1038

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 9 February 2018. Details of the tender are set out below.

Series Offered 5.75% 15 July 2022
Series Number TB128
ISIN AU3TB0000051
Offered to Public ($million) 400
First Coupon Payment Due* 15 July 2018
First Coupon Payment Amount (per $100 face value) $2.875

*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, 9 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, 13 February 2018.

Last updated: 9 February 2018

Results

9 February 2018

Series Offered 5.75% 15 July 2022
Series ID TB128
ISIN AU3TB0000051
Offered to Public ($million) 400
Amount Allotted to Public ($million) 400
Weighted Average Issue Yield (%) 2.2838
Coverage Ratio 5.7875
Lowest Yield Accepted (%) 2.2800
Highest Yield Accepted (%) 2.2850
Volume of Bids Received ($million) 2,315
Number of Bids 48
Number of Successful Bids 11
Number of Bids Allocated in Full 4
Best Bid (%) 2.2800
Worst Bid (%) 2.3300
Weighted Average Bid (%) 2.2919
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 59.3

*Individual allotments may vary due to rounding.

Last updated: 9 February 2018