Tender 1084

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 3 October 2018. Details of the tender are set out below.

Series Offered 3.25% 21 April 2029
Series Number TB138
ISIN AU3TB0000150
Offered to Public ($million) 500
First Coupon Payment Due* 21 October 2018
First Coupon Payment Amount (per $100 face value) $1.625

*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, 3 October 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, 5 October 2018.

Last updated: 3 October 2018

Results

3 October 2018

Series Offered 3.25% 21 April 2029
Series ID TB138
ISIN AU3TB0000150
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.6465
Coverage Ratio 4.9700
Lowest Yield Accepted (%) 2.6450
Highest Yield Accepted (%) 2.6475
Volume of Bids Received ($million) 2,485
Number of Bids 37
Number of Successful Bids 12
Number of Bids Allocated in Full 4
Best Bid (%) 2.6450
Worst Bid (%) 2.6625
Weighted Average Bid (%) 2.6510
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 43.2

*Individual allotments may vary due to rounding.

Last updated: 3 October 2018