Tender 1059

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 2 May 2018. Details of the tender are set out below.

Series Offered 3.00% 21 March 2047
Series Number TB150
ISIN AU000XCLWAS7
Offered to Public ($million) 400
First Coupon Payment Due* 21 September 2018
First Coupon Payment Amount (per $100 face value) $1.500

*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 Wednesday, 2 May 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, 4 May 2018.

Last updated: 2 May 2018

Results

2 May 2018

Series Offered 3.00% 21 March 2047
Series ID TB150
ISIN AU000XCLWAS7
Offered to Public ($million) 400
Amount Allotted to Public ($million) 400
Weighted Average Issue Yield (%) 3.2741
Coverage Ratio 3.0650
Lowest Yield Accepted (%) 3.2700
Highest Yield Accepted (%) 3.2750
Volume of Bids Received ($million) 1,226
Number of Bids 59
Number of Successful Bids 22
Number of Bids Allocated in Full 8
Best Bid (%) 3.2700
Worst Bid (%) 3.3150
Weighted Average Bid (%) 3.2804
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 74.3

*Individual allotments may vary due to rounding.

Last updated: 2 May 2018