Tender 1058

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 27 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) 500
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, 27 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, 1 May 2018.

Last updated: 27 April 2018

Results

27 April 2018

Series Offered 2.25% 21 November 2022
Series ID TB153
ISIN AU000XCLWAW9
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.4294
Coverage Ratio 6.0760
Lowest Yield Accepted (%) 2.4275
Highest Yield Accepted (%) 2.4325
Volume of Bids Received ($million) 3,038
Number of Bids 39
Number of Successful Bids 13
Number of Bids Allocated in Full 9
Best Bid (%) 2.4275
Worst Bid (%) 2.4450
Weighted Average Bid (%) 2.4346
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 0.6

*Individual allotments may vary due to rounding.

Last updated: 27 April 2018