Tender 1081

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 12 September 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) 1,000
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 Wednesday, 12 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 Friday, 14 September 2018.

Last updated: 12 September 2018

Results

12 September 2018

Series Offered 2.25% 21 May 2028
Series ID TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 2.5890
Coverage Ratio 3.2000
Lowest Yield Accepted (%) 2.5850
Highest Yield Accepted (%) 2.5900
Volume of Bids Received ($million) 3,200
Number of Bids 35
Number of Successful Bids 11
Number of Bids Allocated in Full 4
Best Bid (%) 2.5850
Worst Bid (%) 2.6025
Weighted Average Bid (%) 2.5928
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 60.1

*Individual allotments may vary due to rounding.

Last updated: 12 September 2018