Tender 1033

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 11 December 2017. Details of the tender are set out below.

Series Offered 3.00% 21 March 2047
Series Number TB150
ISIN AU000XCLWAS7
Offered to Public ($million) 500
First Coupon Payment Due* 21 March 2018
First Coupon Payment Amount (per $100 face value) $1.50

*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, 11 December 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, 13 December 2017.

Last updated: 11 December 2017

Results

11 December 2017

Series Offered 3.00% 21 March 2047
Series ID TB150
ISIN AU000XCLWAS7
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 3.2948
Coverage Ratio 3.2300
Lowest Yield Accepted (%) 3.2900
Highest Yield Accepted (%) 3.2975
Volume of Bids Received ($million) 1,615
Number of Bids 56
Number of Successful Bids 22
Number of Bids Allocated in Full 13
Best Bid (%) 3.2900
Worst Bid (%) 3.3700
Weighted Average Bid (%) 3.3095
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 56.9

*Individual allotments may vary due to rounding.

Last updated: 11 December 2017