Tender 1015

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 23 October 2017. Details of the tender are set out below.

Series Offered 2.75% 21 November 2027
Series Number TB148
ISIN AU000XCLWAQ1
Offered to Public ($million) 700
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 Daylight Time on Monday, 23 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 Wednesday, 25 October 2017.

Last updated: 23 October 2017

Results

23 October 2017

Series Offered 2.75% 21 November 2027
Series ID TB148
ISIN AU000XCLWAQ1
Offered to Public ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 2.8162
Coverage Ratio 3.9629
Lowest Yield Accepted (%) 2.8125
Highest Yield Accepted (%) 2.8175
Volume of Bids Received ($million) 2,774
Number of Bids 36
Number of Successful Bids 14
Number of Bids Allocated in Full 6
Best Bid (%) 2.8125
Worst Bid (%) 2.8325
Weighted Average Bid (%) 2.8211
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 66.7

*Individual allotments may vary due to rounding.

Last updated: 23 October 2017