Tender 1024

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 17 November 2017. Details of the tender are set out below.

Series Offered 4.50% 21 April 2033
Series Number TB140
ISIN AU000XCLWAG2
Offered to Public ($million) 400
First Coupon Payment Due* 21 April 2018
First Coupon Payment Amount (per $100 face value) $2.250

*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, 17 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, 21 November 2017.

Last updated: 17 November 2017

Results

17 November 2017

Series Offered 4.50% 21 April 2033
Series ID TB140
ISIN AU000XCLWAG2
Offered to Public ($million) 400
Amount Allotted to Public ($million) 400
Weighted Average Issue Yield (%) 2.8774
Coverage Ratio 2.8375
Lowest Yield Accepted (%) 2.8725
Highest Yield Accepted (%) 2.8800
Volume of Bids Received ($million) 1,135
Number of Bids 36
Number of Successful Bids 19
Number of Bids Allocated in Full 10
Best Bid (%) 2.8725
Worst Bid (%) 2.9000
Weighted Average Bid (%) 2.8823
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 31

*Individual allotments may vary due to rounding.

Last updated: 17 November 2017