Tender 1048

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 19 March 2018. Details of the tender are set out below.

Series Offered 2.25% 21 May 2028
Series Number TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 800
First Coupon Payment Due* 21 May 2018
First Coupon Payment Amount (per $100 face value) $1.125

*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, 19 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 Wednesday, 21 March 2018.

Last updated: 19 March 2018

Results

19 March 2018

Series Offered 2.25% 21 May 2028
Series ID TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.7039
Coverage Ratio 3.3525
Lowest Yield Accepted (%) 2.7025
Highest Yield Accepted (%) 2.7050
Volume of Bids Received ($million) 2,682
Number of Bids 32
Number of Successful Bids 14
Number of Bids Allocated in Full 6
Best Bid (%) 2.7025
Worst Bid (%) 2.7200
Weighted Average Bid (%) 2.7069
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 33.3

*Individual allotments may vary due to rounding.

Last updated: 19 March 2018