Tender 1007

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 18 September 2017. Details of the tender are set out below.

Series Offered 3.25% 21 April 2029
Series Number TB138
ISIN AU3TB0000150
Offered to Public ($million) 700
First Coupon Payment Due* 21 October 2017
First Coupon Payment Amount (per $100 face value) $1.625

*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 Monday, 18 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 Wednesday, 20 September 2017.

Last updated: 18 September 2017

Results

18 September 2017

Series Offered 3.25% 21 April 2029
Series ID TB138
ISIN AU3TB0000150
Offered to Public ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 2.8842
Coverage Ratio 3.3929
Lowest Yield Accepted (%) 2.8825
Highest Yield Accepted (%) 2.8850
Volume of Bids Received ($million) 2,375
Number of Bids 34
Number of Successful Bids 9
Number of Bids Allocated in Full 5
Best Bid (%) 2.8825
Worst Bid (%) 2.9000
Weighted Average Bid (%) 2.8884
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 99

*Individual allotments may vary due to rounding.

Last updated: 18 September 2017