Tender 1082

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 24 September 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) 800
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 Yieldbroker DEBTS, between 10.45 am and 11.00 am Australian Eastern Standard Time on Monday, 24 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, 26 September 2018.

Last updated: 24 September 2018

Results

24 September 2018

Series Offered 2.75% 21 November 2029
Series ID TB154
ISIN AU000XCLWAX7
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.7220
Coverage Ratio 2.8363
Lowest Yield Accepted (%) 2.7175
Highest Yield Accepted (%) 2.7250
Volume of Bids Received ($million) 2,269
Number of Bids 35
Number of Successful Bids 16
Number of Bids Allocated in Full 9
Best Bid (%) 2.7175
Worst Bid (%) 2.7350
Weighted Average Bid (%) 2.7261
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 8.4

*Individual allotments may vary due to rounding.

Last updated: 24 September 2018