Tender 1011

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 29 September 2017. Details of the tender are set out below.

Series Offered 2.75% 21 November 2028
Series Number TB152
ISIN AU000XCLWAU3
Offered to Public ($million) 800
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 Friday, 29 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, 4 October 2017.

Last updated: 29 September 2017

Results

29 September 2017

Series Offered 2.75% 21 November 2028
Series ID TB152
ISIN AU000XCLWAU3
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.8913
Coverage Ratio 5.4275
Lowest Yield Accepted (%) 2.8900
Highest Yield Accepted (%) 2.8925
Volume of Bids Received ($million) 4,342
Number of Bids 41
Number of Successful Bids 14
Number of Bids Allocated in Full 6
Best Bid (%) 2.8900
Worst Bid (%) 2.9100
Weighted Average Bid (%) 2.8969
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 34.6

*Individual allotments may vary due to rounding.

Last updated: 29 September 2017