Tender 1070

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 2 July 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) 300
First Coupon Payment Due* 21 November 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 Monday, 2 July 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, 4 July 2018.

Last updated: 2 July 2018

Results

2 July 2018

Series Offered 2.25% 21 November 2022
Series ID TB153
ISIN AU000XCLWAW9
Offered to Public ($million) 300
Amount Allotted to Public ($million) 300
Weighted Average Issue Yield (%) 2.2034
Coverage Ratio 7.6833
Lowest Yield Accepted (%) 2.2025
Highest Yield Accepted (%) 2.2050
Volume of Bids Received ($million) 2,305
Number of Bids 32
Number of Successful Bids 6
Number of Bids Allocated in Full 2
Best Bid (%) 2.2025
Worst Bid (%) 2.2250
Weighted Average Bid (%) 2.2101
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 33.8

*Individual allotments may vary due to rounding.

Last updated: 2 July 2018