Tender 921

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 2 November 2016. Details of the tender are set out below.

Series Offered 2.75% 21 November 2027
Series Number TB148
ISIN AU000XCLWAQ1
Offered to Public ($million) 1,000
First Coupon Payment Due* 21 November 2016
First Coupon Payment Amount (per $100 face value) 1.375

*Coupons will be paid at half-yearly intervals thereafter.

Lodgement 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, 2 November 2016.

All bids must comply with the Information Memorandum for Treasury Bonds [PDF 792KB | RTF 1.215MB] dated 27 July 2016.

Announcement of Results

The results of the tender are expected to be announced as soon as practicable after the closing time for the lodgement of bids.

Settlement Arrangements

Successful bids for Treasury Bonds offered in the tender must be settled in the Austraclear System on Friday, 4 November 2016.

Last updated: 2 November 2016

Results

2 November 2016

Series Offered 2.75% 21 November 2027
Series ID TB148
ISIN AU000XCLWAQ1
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 2.4189
Coverage Ratio 2.3600
Lowest Yield Accepted (%) 2.4125
Highest Yield Accepted (%) 2.4225
Total Amount of All Bids Received ($million) 2,360
Total Number of Bids 42
Total Number of Successful Bids 25
Number of Bids Allocated in Full 16
Best Bid (%) 2.4125
Worst Bid (%) 2.4550
Weighted Average Bid (%) 2.4249
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 17.2

*Individual allotments may vary due to rounding.

Last updated: 2 November 2016