Tender 1023

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 15 November 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) 1000
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 Wednesday, 15 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 Friday, 17 November 2017.

Last updated: 15 November 2017

Results

15 November 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 (%) 2.6867
Coverage Ratio 3.4550
Lowest Yield Accepted (%) 2.6825
Highest Yield Accepted (%) 2.6875
Volume of Bids Received ($million) 3,455
Number of Bids 36
Number of Successful Bids 15
Number of Bids Allocated in Full 6
Best Bid (%) 2.6825
Worst Bid (%) 2.7000
Weighted Average Bid (%) 2.6910
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 58.2

*Individual allotments may vary due to rounding.

Last updated: 15 November 2017