Tender 1001

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 30 August 2017. Details of the tender are set out below.

Series Offered 2.25% 21 May 2028
Series Number TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 900
First Coupon Payment Due* 21 November 2017
First Coupon Payment Amount (per $100 face value) $1.125

*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 the Yieldbroker DEBTS System, between 10.45 am and 11.00 am Australian Eastern Standard Time on Wednesday, 30 August 2017.

All bids 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 bids.

Settlement Arrangements

Successful bids for Treasury Bonds offered in the tender must be settled in the Austraclear System on Friday, 1 September 2017.

Last updated: 30 August 2017

Results

30 August 2017

Series Offered 2.25% 21 May 2028
Series ID TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 2.7060
Coverage Ratio 2.7556
Lowest Yield Accepted (%) 2.7025
Highest Yield Accepted (%) 2.7075
Volume of Bids Received ($million) 2,480
Number of Bids 31
Number of Successful Bids 15
Number of Bids Allocated in Full 7
Best Bid (%) 2.7025
Worst Bid (%) 2.7150
Weighted Average Bid (%) 2.7086
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 37.7

*Individual allotments may vary due to rounding.

Last updated: 30 August 2017