Tender 25/17

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Notes on Thursday, 23 November 2017. Details of the tender are set out below.

Maturity Date 23 February 2018
Series ID T23028
ISIN AU2CLT230286
Offered to Public ($million) 500

Lodgment of Bids

Bids may be lodged by Registered Bidders through the AOFM Tender System, which is accessed via the Yieldbroker DEBTS System, between 10.15 am and 10.30 am Australian Eastern Daylight Time on Thursday, 23 November 2017.

All bids must comply with the Information Memorandum for Treasury Notes [PDF 566KB | RTF 1.029MB] 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 Notes offered in the tender must be settled in the Austraclear System on Friday, 24 November 2017.

Last updated: 23 November 2017

Results

23 November 2017

Maturity 23 February 2018
Series Number T23028
ISIN AU2CLT230286
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 1.7244
Coverage Ratio 4.46
Lowest Yield Accepted (%) 1.70
Highest Yield Accepted (%) 1.73
Total Amount of All Bids Received ($million) 2,230
Total Number of Bids 28
Total Number of Successful Bids 14
Number of Bids Allocated in Full 6
Best Bid (%) 1.70
Worst Bid (%) 1.77
Weighted Average Bid (%) 1.7404
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 28.8

*Individual allotments may vary due to rounding.

Last updated: 23 November 2017