Tender 927

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 21 November 2016. Details of the tender are set out below.

Series Offered 1.75% 21 November 2020
Series Number TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 600
First Coupon Payment Due* 21 May 2017
First Coupon Payment Amount (per $100 face value) $0.875

*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 Monday, 21 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 Wednesday, 23 November 2016.

Last updated: 21 November 2016

Results

21 November 2016

Series Offered 1.75% 21 November 2020
Series ID TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 1.9852
Coverage Ratio 3.3833
Lowest Yield Accepted (%) 1.9825
Highest Yield Accepted (%) 1.9875
Volume of Bids Received ($million) 2,030
Number of Bids 30
Number of Successful Bids 17
Number of Bids Allocated in Full 9
Best Bid (%) 1.9825
Worst Bid (%) 2.0300
Weighted Average Bid (%) 1.9940
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 25.4

*Individual allotments may vary due to rounding.

Last updated: 21 November 2016