Tender 1077

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 27 August 2018. Details of the tender are set out below.

Series Offered 2.25% 21 May 2028
Series Number TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 500
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, 27 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, 29 August 2018.

Last updated: 27 August 2018

Results

27 August 2018

Series Offered 2.25% 21 May 2028
Series ID TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.5482
Coverage Ratio 5.1400
Lowest Yield Accepted (%) 2.5450
Highest Yield Accepted (%) 2.5500
Volume of Bids Received ($million) 2,570
Number of Bids 28
Number of Successful Bids 14
Number of Bids Allocated in Full 6
Best Bid (%) 2.5450
Worst Bid (%) 2.5675
Weighted Average Bid (%)  2.5523
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 17.5

*Individual allotments may vary due to rounding.

Last updated: 27 August 2018