Tender 1066

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 18 June 2018. Details of the tender are set out below.

Series Offered 2.75% 21 November 2029
Series Number TB154
ISIN AU000XCLWAX7
Offered to Public ($million) 800
First Coupon Payment Due* 21 November 2018
First Coupon Payment Amount (per $100 face value) $1.375

*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 Monday, 18 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, 20 June 2018.

Last updated: 18 June 2018

Results

Series Offered 2.75% 21 November 2029
Series ID TB154
ISIN AU000XCLWAX7
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.7059
Coverage Ratio 3.6188
Lowest Yield Accepted (%) 2.7025
Highest Yield Accepted (%) 2.7075
Volume of Bids Received ($million) 2,895
Number of Bids 35
Number of Successful Bids 13
Number of Bids Allocated in Full 6
Best Bid (%) 2.7025
Worst Bid (%) 2.7325
Weighted Average Bid (%) 2.7103
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 32.1

*Individual allotments may vary due to rounding.

Last updated: 18 June 2018