Tender 1100

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 10 December 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) 700
First Coupon Payment Due* 21 April 2019
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 Daylight Time on Monday, 10 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 Wednesday, 12 December 2018.

Last updated: 10 December 2018

Results

10 December 2018

Series Offered 3.25% 21 April 2029
Series ID TB138
ISIN AU3TB0000150
Offered to Public ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 2.4121
Coverage Ratio 2.7500
Lowest Yield Accepted (%) 2.4100
Highest Yield Accepted (%) 2.4125
Volume of Bids Received ($million) 1,925
Number of Bids 26
Number of Successful Bids 13
Number of Bids Allocated in Full 5
Best Bid (%) 2.4100
Worst Bid (%) 2.4250
Weighted Average Bid (%)  2.4146
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 71.3

*Individual allotments may vary due to rounding.

Last updated: 10 December 2018