Tender 1022

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 10 November 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) 900
First Coupon Payment Due* 21 May 2018
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, 10 November 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, 14 November 2017.

Last updated: 10 November 2017

Results

10 November 2017

Series Offered 2.75% 21 November 2027
Series ID TB148
ISIN AU000XCLWAQ1
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 2.6201
Coverage Ratio 3.4556
Lowest Yield Accepted (%) 2.6150
Highest Yield Accepted (%) 2.6225
Volume of Bids Received ($million) 3,110
Number of Bids 40
Number of Successful Bids 18
Number of Bids Allocated in Full 9
Best Bid (%) 2.6150
Worst Bid (%) 2.6350
Weighted Average Bid (%) 2.6240
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 13.6

*Individual allotments may vary due to rounding.

Last updated: 10 November 2017