Tender 1016

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 27 October 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) 1,000
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 Friday, 27 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 Tuesday, 31 October 2017.

Last updated: 27 October 2017

Results

27 October 2017

Series Offered 2.75% 21 November 2028
Series ID TB152
ISIN AU000XCLWAU3
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 2.8556
Coverage Ratio 4.3300
Lowest Yield Accepted (%) 2.8525
Highest Yield Accepted (%) 2.8575
Volume of Bids Received ($million) 4,330
Number of Bids 47
Number of Successful Bids 18
Number of Bids Allocated in Full 7
Best Bid (%) 2.8525
Worst Bid (%) 2.8750
Weighted Average Bid (%) 2.8592
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 14.6

*Individual allotments may vary due to rounding.

Last updated: 27 October 2017