Tender 1054

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 13 April 2018. Details of the tender are set out below.

Series Offered 2.25% 21 November 2022
Series Number TB153
ISIN AU000XCLWAW9
Offered to Public ($million) 1,000
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 Standard Time on Friday, 13 April 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, 17 April 2018.

Last updated: 13 April 2018

Results

13 April 2018

Series Offered 2.25% 21 November 2022
Series ID TB153
ISIN AU000XCLWAW9
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 2.3632
Coverage Ratio 4.3780
Lowest Yield Accepted (%) 2.3600
Highest Yield Accepted (%) 2.3650
Volume of Bids Received ($million) 4,378
Number of Bids 47
Number of Successful Bids 10
Number of Bids Allocated in Full 2
Best Bid (%) 2.3600
Worst Bid (%) 2.3875
Weighted Average Bid (%) 2.3695
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 51.3

*Individual allotments may vary due to rounding.

Last updated: 13 April 2018