Tender 1078

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 29 August 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) 1,000
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 Wednesday, 29 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 Friday, 31 August 2018.

Last updated: 29 August 2018

Results

29 August 2018

Series Offered 2.75% 21 November 2029
Series ID TB154
ISIN AU000XCLWAX7
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 2.6052
Coverage Ratio 2.6950
Lowest Yield Accepted (%) 2.6000
Highest Yield Accepted (%) 2.6075
Volume of Bids Received ($million) 2,695
Number of Bids 35
Number of Successful Bids 18
Number of Bids Allocated in Full 11
Best Bid (%) 2.6000
Worst Bid (%) 2.6200
Weighted Average Bid (%) 2.6081
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 23.6

*Individual allotments may vary due to rounding.

Last updated: 29 August 2018