Tender 16


The Australian Office of Financial Management (AOFM) will hold a tender for the repurchase of two outstanding Treasury Bond lines on Monday, 18 September 2017. The total tender size will be $700 million, with the volume to be repurchased of each Treasury Bond line subject to a maximum*. Details of the tender are set out below.

Total Tender Size ($million) 700
Series to be Repurchased 3.25% 21 October 2018 2.75% 21 October 2019
Series Number TB141 TB143
ISIN AU3TB0000176 AU3TB0000184
Maximum Volume of Series to be repurchased – Subject to Total Tender Size ($million) 600 600
First Coupon Payment Due 21 October 2017 21 October 2017
First Coupon Payment Amount (per $100 face value) $1.625 $1.375

*If there are insufficient offers at yields the AOFM judges to be acceptable, a lower amount of Treasury Bonds may be repurchased.

Lodgment of Offers

Offers may be lodged by Registered Bidders through the AOFM Tender System, which is accessed via the Yieldbroker DEBTS System, between 9.45 am and 10.00 am Australian Eastern Standard Time on Monday, 18 September 2017.

All offers must comply with the Information Memorandum for Treasury Bonds [PDF 792KB | RTF 1.215MB] dated 27 July 2016.

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 offers.

Settlement Arrangements

Successful offers for Treasury Bonds repurchased in the tender must be settled in the Austraclear System on Wednesday, 20 September 2017.

Last updated: 15 March 2018


Auction Summary
Tender Size ($m) 700
Offers Accepted ($m) 700
Offers Received ($m) 2,955
Coverage Ratio 4.2214
Treasury Bonds Purchased
Series Repurchased 3.25% 21 October 2018 2.75% 21 October 2019
Series ID TB141 TB143
ISIN AU3TB0000176 AU3TB0000184
Offers Accepted ($m) 148 552
Weighted Average Accepted Yield (%) 1.7427 1.9807
Lowest Yield Accepted (%) 1.7350 1.9775
Highest Yield Accepted (%) 1.7450 1.9825
Total Amount of All Offers Received ($m) 875 2,080
Total Number of Offers 18 28
Total Number of Successful Offers 4 8
Number of Offers Accepted in Full 3 4
Best Offer (%) 1.7450 1.9825
Worst Offer (%) 1.7250 1.9575
Weighted Average Offer (%) 1.7311 1.9719
Amount Repurchased at Lowest Accepted Yield as Percentage of Amount Offered at that Yield* 26 26

Last updated: 15 March 2018