Tender 1068

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 22 June 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) 300
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 Friday, 22 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 Tuesday, 26 June 2018.

Last updated: 22 June 2018

Results

22 June 2018

Series Offered 3.00% 21 March 2047
Series ID TB150
ISIN AU000XCLWAS7
Offered to Public ($million) 300
Amount Allotted to Public ($million) 300
Weighted Average Issue Yield (%) 3.1435
Coverage Ratio 3.9733
Lowest Yield Accepted (%) 3.1425
Highest Yield Accepted (%) 3.1450
Volume of Bids Received ($million) 1,192
Number of Bids 45
Number of Successful Bids 13
Number of Bids Allocated in Full 5
Best Bid (%) 3.1425
Worst Bid (%) 3.1650
Weighted Average Bid (%) 3.1496
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 49.6

*Individual allotments may vary due to rounding.

Last updated: 22 June 2018