Tender 1012

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 4 October 2017. Details of the tender are set out below.

Series Offered 4.75% 21 April 2027
Series Number TB136
ISIN AU3TB0000135
Offered to Public ($million) 700
First Coupon Payment Due* 21 October 2017
First Coupon Payment Amount (per $100 face value) $2.375

*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 Daylight Time on Wednesday, 4 October 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, 6 October 2017.

Last updated: 4 October 2017

Results

4 October 2017

Series Offered 4.75% 21 April 2027
Series ID TB136
ISIN AU3TB0000135
Offered to Public ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 2.7655
Coverage Ratio 4.4643
Lowest Yield Accepted (%) 2.7625
Highest Yield Accepted (%) 2.7675
Volume of Bids Received ($million) 3,125
Number of Bids 39
Number of Successful Bids 10
Number of Bids Allocated in Full 5
Best Bid (%) 2.7625
Worst Bid (%) 2.7850
Weighted Average Bid (%) 2.7719
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 67.1

*Individual allotments may vary due to rounding.

Last updated: 4 October 2017