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September 2040 Government inflation-linked tender #682; weighted average accepted yield was 0.98%; coverage ratio was 1.80x

Bonds
September 2040 Government inflation-linked tender #682; weighted average accepted yield was 0.98%; coverage ratio was 1.80x

The results from the latest inflation-indexed bond offer by the Treasury's Debt Management Office have been released. The details are shown below.

2.50% - 20 September 2040 Previous #682 Previous #678 Previous #675 Previous #671 Previous #667 Previous #662   Previous #637
Series offered tender Jun 6, 2018 tender May 2, 2018 tender Apr 4, 2018 tender Mar 7, 2018 tender Feb 7, 2018 tender Dec 6, 2018   tender June 7, 2018
Total Amount Offered ($mln) 100 100 100 100 100 100   100
Total Amount Allocated ($mln) 100 100 100 100 100 100   100
Total Number of Bids Received 37 29 36 30 35 43   27
Total Amount of Bids Received ($mln) 180 162 203 197 217 294   171
Total Number of Successful Bids 28 16 24 18 18 9   14
Highest Yield Accepted (%) 1.0150 1.2750 1.3450 1.4700 1.5000 1.7250   2.1400
Lowest Yield Accepted (%) 0.9500 1.2600 1.3050 1.4350 1.4650 1.7200   2.1100
Highest Yield Rejected (%) 1.0250 1.3150 1.4500 1.5550 1.5700 1.7800   2.2250
Lowest Yield Rejected (%) 1.0150 1.2750 1.3450 1.4700 1.5000 1.7250   2.1400
Weighted Average Accepted Yield (%) 0.9836 1.2695 1.3324 1.4476 1.4902 1.7244   2.1222
Weighted Average Rejected Yield (%) 1.0206 1.2856 1.3704 1.5102 1.5304 1.7416   2.1639
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 25.0 77.8 44.0 40.0 16.0 82.9   6.2
Coverage Ratio 1.8000 1.6200 2.0300 1.9700 2.1700 2.9400   1.7100

*Individual allotments may vary due to rounding.

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