Tender 1042

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 23 February 2018. Details of the tender are set out below.

Series Offered 5.75% 15 May 2021
Series Number TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 400
First Coupon Payment Due* 15 May 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, 23 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, 27 February 2018.

Last updated: 23 February 2018

Results

23 February 2018

Series Offered 5.75% 15 May 2021
Series ID TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 400
Amount Allotted to Public ($million) 400
Weighted Average Issue Yield (%) 2.1289
Coverage Ratio 6.1200
Lowest Yield Accepted (%) 2.1275
Highest Yield Accepted (%) 2.1300
Volume of Bids Received ($million) 2,448
Number of Bids 38
Number of Successful Bids 12
Number of Bids Allocated in Full 5
Best Bid (%) 2.1275
Worst Bid (%) 2.1425
Weighted Average Bid (%) 2.1337
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 32.9

*Individual allotments may vary due to rounding.

Last updated: 23 February 2018