Tender 1045

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 7 March 2018. Details of the tender are set out below.

Series Offered 4.75% 21 April 2027
Series Number TB136
ISIN AU3TB0000135
Offered to Public ($million) 500
First Coupon Payment Due* 21 April 2018
First Coupon Payment Amount (per $100 face value) $2.375

*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 March 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 March 2018.

Last updated: 9 March 2018

Results

7 March 2018

Series Offered 4.75% 21 April 2027
Series ID TB136
ISIN AU3TB0000135
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.7391
Coverage Ratio 3.8500
Lowest Yield Accepted (%) 2.7375
Highest Yield Accepted (%) 2.7400
Volume of Bids Received ($million) 1,925
Number of Bids 39
Number of Successful Bids 14
Number of Bids Allocated in Full 5
Best Bid (%) 2.7375
Worst Bid (%) 2.7575
Weighted Average Bid (%) 2.7433
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 68.9

*Individual allotments may vary due to rounding.

Last updated: 9 March 2018