Tender 1004

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 8 September 2017. Details of the tender are set out below.

Series Offered 5.75% 15 May 2021
Series Number TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 500
First Coupon Payment Due* 15 November 2017
First Coupon Payment Amount (per $100 face value) $2.875

*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 Friday, 8 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 Tuesday, 12 September 2017.

Last updated: 8 September 2017

Results

8 September 2017

Series Offered 5.75% 15 May 2021
Series ID TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.0164
Coverage Ratio 7.0400
Lowest Yield Accepted (%) 2.0150
Highest Yield Accepted (%) 2.0175
Volume of Bids Received ($million) 3,520
Number of Bids 35
Number of Successful Bids 9
Number of Bids Allocated in Full 2
Best Bid (%) 2.0150
Worst Bid (%) 2.0375
Weighted Average Bid (%) 2.0227
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 27.4

*Individual allotments may vary due to rounding.

Last updated: 8 September 2017