Tender 1099

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 5 December 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) 1,000
First Coupon Payment Due* 21 May 2019
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 Daylight Time on Wednesday, 5 December 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, 7 December 2018.

Last updated: 5 December 2018

Results

5 December 2018

Series Offered 2.75% 21 November 2029
Series ID TB154
ISIN AU000XCLWAX7
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 2.5399
Coverage Ratio 2.5100
Lowest Yield Accepted (%) 2.5350
Highest Yield Accepted (%) 2.5425
Volume of Bids Received ($million) 2,510
Number of Bids 25
Number of Successful Bids 16
Number of Bids Allocated in Full 9
Best Bid (%) 2.5350
Worst Bid (%) 2.5500
Weighted Average Bid (%) 2.5425
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 6.7

*Individual allotments may vary due to rounding.

Last updated: 5 December 2018