Tender 1116

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 20 March 2019. Details of the tender are set out below.

Series Offered 2.50% 21 May 2030
Series Number TB155
ISIN AU0000013740
Offered to Public ($million) 900
First Coupon Payment Due* 21 May 2019
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, 20 March 2019.

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, 22 March 2019.

Last updated: 20 March 2019

Results

20 March 2019

Series Offered 2.50% 21 May 2030
Series ID TB155
ISIN AU0000013740
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 1.9459
Coverage Ratio 3.0278
Lowest Yield Accepted (%) 1.9425
Highest Yield Accepted (%) 1.9475
Volume of Bids Received ($million) 2,725
Number of Bids 33
Number of Successful Bids 18
Number of Bids Allocated in Full 8
Best Bid (%) 1.9425
Worst Bid (%) 2.0000
Weighted Average Bid (%)  1.9518
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 54.9

*Individual allotments may vary due to rounding.

Last updated: 20 March 2019