Tender 924

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 11 November 2016. Details of the tender are set out below.

Series Offered 2.25% 21 May 2028
Series Number TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 1,000
First Coupon Payment Due* 21 May 2017
First Coupon Payment Amount (per $100 face value) 1.125

*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 Friday, 11 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 Tuesday, 15 November 2016.

Last updated: 11 November 2016

Results

11 November 2016

Series Offered 2.25% 21 May 2028
Series ID TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 2.7005
Coverage Ratio 1.7700
Lowest Yield Accepted (%) 2.6950
Highest Yield Accepted (%) 2.7050
Total Amount of All Bids Received ($million) 1,770
Total Number of Bids 39
Total Number of Successful Bids 28
Number of Bids Allocated in Full 22
Best Bid (%) 2.6950
Worst Bid (%) 2.7550
Weighted Average Bid (%) 2.7118
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 93.9

*Individual allotments may vary due to rounding.

Last updated: 11 November 2016