Tender 1074

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 13 August 2018. Details of the tender are set out below.

Series Offered 3.75% 21 April 2037
Series Number TB144
ISIN AU3TB0000192
Offered to Public ($million) 400
First Coupon Payment Due* 21 October 2018
First Coupon Payment Amount (per $100 face value) $1.875

*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, 13 August 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, 15 August 2018.

Last updated: 13 August 2018

Results

13 August 2018

Series Offered 3.75% 21 April 2037
Series ID TB144
ISIN AU3TB0000192
Offered to Public ($million) 400
Amount Allotted to Public ($million) 400
Weighted Average Issue Yield (%) 2.8670
Coverage Ratio 2.1450
Lowest Yield Accepted (%) 2.8650
Highest Yield Accepted (%) 2.8700
Volume of Bids Received ($million) 858
Number of Bids 35
Number of Successful Bids 22
Number of Bids Allocated in Full 13
Best Bid (%) 2.8650
Worst Bid (%) 2.8850
Weighted Average Bid (%) 2.8708
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 12.9

*Individual allotments may vary due to rounding.

Last updated: 13 August 2018