Tender 1017

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 30 October 2017. Details of the tender are set out below.

Series Offered 3.25% 21 April 2029
Series Number TB138
ISIN AU3TB0000150
Offered to Public ($million) 500
First Coupon Payment Due* 21 April 2018
First Coupon Payment Amount (per $100 face value) $1.625

*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, 30 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, 1 November 2017.

Last updated: 30 October 2017

Results

30 October 2017

Series Offered 3.25% 21 April 2029
Series ID TB138
ISIN AU3TB0000150
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.8110
Coverage Ratio 6.5000
Lowest Yield Accepted (%) 2.8100
Highest Yield Accepted (%) 2.8125
Volume of Bids Received ($million) 3,250
Number of Bids 38
Number of Successful Bids 9
Number of Bids Allocated in Full 3
Best Bid (%) 2.8100
Worst Bid (%) 2.8275
Weighted Average Bid (%) 2.8164
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 43

*Individual allotments may vary due to rounding.

Last updated: 30 October 2017