Tender 1014

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 11 October 2017. Details of the tender are set out below.

Series Offered 2.25% 21 November 2022
Series Number TB153
ISIN AU000XCLWAW9
Offered to Public ($million) 3,500
First Coupon Payment Due* 21 November 2017
First Coupon Payment Amount (per $100 face value) $1.125

*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, 11 October 2017.

All bids must comply with the Information Memorandum for Treasury Bonds [PDF 792KB | RTF 1.215MB] dated 3 October 2017.

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, 13 October 2017.

Last updated: 11 October 2017

Results

11 October 2017

Series Offered 2.25% 21 November 2022
Series ID TB153
ISIN AU000XCLWAW9
Offered to Public ($million) 3,500
Amount Allotted to Public ($million) 3,500
Weighted Average Issue Yield (%) 2.4167
Coverage Ratio 3.6797
Lowest Yield Accepted (%) 2.4100
Highest Yield Accepted (%) 2.4200
Volume of Bids Received ($million) 12,879
Number of Bids 106
Number of Successful Bids 26
Number of Bids Allocated in Full 17
Best Bid (%) 2.4100
Worst Bid (%) 2.4550
Weighted Average Bid (%) 2.4290
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 64.2

*Individual allotments may vary due to rounding.

Last updated: 11 October 2017