Tender 27/16
Announcement
The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Notes on Thursday, 27 October 2016. Details of the tender are set out below.
| Maturity Date | 24 February 2017 |
|---|---|
| Series ID | T24027 |
| ISIN | AU2CLT240277 |
| Offered to Public ($million) | 500 |
Lodgement of Bids
Bids may be lodged by Registered Bidders through the AOFM Tender System, which is accessed via the Yieldbroker DEBTS System, between 10.15 am and 10.30 am Australian Eastern Daylight Time on Thursday, 27 October 2016.
All bids must comply with the Information Memorandum for Treasury Notes [PDF 566KB | RTF 1.029MB] dated 27 July 2016.
Announcement of Results
The results of the tender are expected to be announced as soon as practicable after the closing time for the lodgement of bids.
Settlement Arrangements
Successful bids for Treasury Notes offered in the tender must be settled in the Austraclear System on Friday, 28 October 2016.
Last updated: 27 October 2016
Results
27 October 2016
| Maturity | 24 February 2017 |
|---|---|
| Series Number | T24027 |
| ISIN | AU2CLT240277 |
| Offered to Public ($million) | 500 |
| Amount Allotted to Public ($million) | 500 |
| Weighted Average Issue Yield (%) | 1.6204 |
| Coverage Ratio | 3.476 |
| Lowest Yield Accepted (%) | 1.58 |
| Highest Yield Accepted (%) | 1.63 |
| Total Amount of All Bids Received ($million) | 1,738 |
| Total Number of Bids | 29 |
| Total Number of Successful Bids | 7 |
| Number of Bids Allocated in Full | 4 |
| Best Bid (%) | 1.58 |
| Worst Bid (%) | 1.72 |
| Weighted Average Bid (%) | 1.6482 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 92.3 |
*Individual allotments may vary due to rounding.
Last updated: 27 October 2016