Tender 1080

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 10 September 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) 600
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 Yieldbroker DEBTS, between 10.45 am and 11.00 am Australian Eastern Standard Time on Monday, 10 September 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, 12 September 2018.

Last updated: 10 September 2018

Results

10 September 2018

Series Offered 2.25% 21 November 2022
Series ID TB153
ISIN AU000XCLWAW9
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 2.1168
Coverage Ratio 4.6833
Lowest Yield Accepted (%) 2.1125
Highest Yield Accepted (%) 2.1175
Volume of Bids Received ($million) 2,810
Number of Bids 32
Number of Successful Bids 8
Number of Bids Allocated in Full 3
Best Bid (%) 2.1125
Worst Bid (%) 2.1325
Weighted Average Bid (%) 2.1219
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 93.9

*Individual allotments may vary due to rounding.

Last updated: 10 September 2018