Tender 1085

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 5 October 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) 500
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 Friday, 5 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 Tuesday, 9 October 2018.

Last updated: 5 October 2018

Results

5 October 2018

Series Offered 2.25% 21 November 2022
Series ID TB153
ISIN AU000XCLWAW9
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.1725
Coverage Ratio 5.8980
Lowest Yield Accepted (%) 2.1725
Highest Yield Accepted (%) 2.1725
Volume of Bids Received ($million) 2,949
Number of Bids 28
Number of Successful Bids 5
Number of Bids Allocated in Full 0
Best Bid (%) 2.1725
Worst Bid (%) 2.1875
Weighted Average Bid (%) 2.1770
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 79.5

*Individual allotments may vary due to rounding.

Last updated: 5 October 2018