Tender 1026

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 22 November 2017. Details of the tender are set out below.

Series Offered 2.25% 21 May 2028
Series Number TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 900
First Coupon Payment Due* 21 May 2018
First Coupon Payment Amount (per $100 face value) $1.125

*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, 22 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, 24 November 2017.

Last updated: 22 November 2017

Results

22 November 2017

Series Offered 2.25% 21 May 2028
Series ID TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 2.5746
Coverage Ratio 4.1611
Lowest Yield Accepted (%) 2.5700
Highest Yield Accepted (%) 2.5750
Volume of Bids Received ($million) 3,745
Number of Bids 45
Number of Successful Bids 11
Number of Bids Allocated in Full 6
Best Bid (%) 2.5700
Worst Bid (%) 2.6000
Weighted Average Bid (%) 2.5809
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 99.3

*Individual allotments may vary due to rounding.

Last updated: 22 November 2017