Tender 1065

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 8 June 2018. Details of the tender are set out below.

Series Offered 2.50% 21 May 2030
Series Number TB155
ISIN AU0000013740
Offered to Public ($million) 2,500
First Coupon Payment Due* 21 November 2018
First Coupon Payment Amount (per $100 face value) $1.25

*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, 8 June 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, 13 June 2018.

Last updated: 8 June 2018

Results

8 June 2018

Series Offered 2.50% 21 May 2030
Series ID TB155
ISIN AU0000013740
Offered to Public ($million) 2,500
Amount Allotted to Public ($million) 2,500
Weighted Average Issue Yield (%) 2.8934
Coverage Ratio 3.4100
Lowest Yield Accepted (%) 2.8825
Highest Yield Accepted (%) 2.8975
Volume of Bids Received ($million) 8,525
Number of Bids 116
Number of Successful Bids 50
Number of Bids Allocated in Full 35
Best Bid (%) 2.8825
Worst Bid (%) 2.9800
Weighted Average Bid (%) 2.9161
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 37.3

*Individual allotments may vary due to rounding.

Last updated: 8 June 2018