Tender 1003

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 6 September 2017. Details of the tender are set out below.

Series Offered 2.75% 21 November 2027
Series Number TB148
ISIN AU000XCLWAQ1
Offered to Public ($million) 900
First Coupon Payment Due* 21 November 2017
First Coupon Payment Amount (per $100 face value) $1.375

*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, 6 September 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, 8 September 2017.

Last updated: 6 September 2017

Results

6 September 2017

Series Offered 2.75% 21 November 2027
Series ID TB148
ISIN AU000XCLWAQ1
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 2.6125
Coverage Ratio 3.1611
Lowest Yield Accepted (%) 2.6100
Highest Yield Accepted (%) 2.6150
Volume of Bids Received ($million) 2,845
Number of Bids 34
Number of Successful Bids 17
Number of Bids Allocated in Full 8
Best Bid (%) 2.6100
Worst Bid (%) 2.6300
Weighted Average Bid (%) 2.6163
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 7.1

*Individual allotments may vary due to rounding.

Last updated: 6 September 2017