Tender 929

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 25 November 2016. Details of the tender are set out below.

Series Offered 5.50% 21 April 2023
Series Number TB133
ISIN AU3TB0000101
Offered to Public ($million) 900
First Coupon Payment Due* 21 April 2017
First Coupon Payment Amount (per $100 face value) $2.75

*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, 25 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, 29 November 2016.

Last updated: 25 November 2016

Results

25 November 2016

Series Offered 5.50% 21 April 2023
Series ID TB133
ISIN AU3TB0000101
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 2.4328
Coverage Ratio 2.1556
Lowest Yield Accepted (%) 2.4275
Highest Yield Accepted (%) 2.4350
Volume of Bids Received ($million) 1,940
Number of Bids 34
Number of Successful Bids 16
Number of Bids Allocated in Full 10
Best Bid (%) 2.4275
Worst Bid (%) 2.4600
Weighted Average Bid (%)  2.4385
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 82

*Individual allotments may vary due to rounding.

Last updated: 25 November 2016