Tender 1087

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 10 October 2018. Details of the tender are set out below.

Series Offered 2.50% 21 May 2030
Series Number TB155
ISIN AU0000013740
Offered to Public ($million) 1,000
First Coupon Payment Due* 21 November 2018
First Coupon Payment Amount (per $100 face value) $1.250

*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 Daylight Time on Wednesday, 10 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, 12 October 2018.

Last updated: 10 October 2018

Results

10 October 2018

Series Offered 2.50% 21 May 2030
Series ID TB155
ISIN AU0000013740
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 2.7996
Coverage Ratio 3.2440
Lowest Yield Accepted (%) 2.7975
Highest Yield Accepted (%) 2.8000
Volume of Bids Received ($million) 3,244
Number of Bids 39
Number of Successful Bids 15
Number of Bids Allocated in Full 4
Best Bid (%) 2.7975
Worst Bid (%) 2.8150
Weighted Average Bid (%)  2.8036
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 87.1

*Individual allotments may vary due to rounding.

Last updated: 10 October 2018