Tender 931

Announcement

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

Series Offered 2.75% 21 October 2019
Series Number TB143
ISIN AU3TB0000184
Offered to Public ($million) 900
First Coupon Payment Due* 21 April 2017
First Coupon Payment Amount (per $100 face value) 1.375

*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 Friday, 2 December 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 lodgment of bids.

Settlement Arrangements

Successful bids for Treasury Bonds offered in the tender must be settled in the Austraclear System on Tuesday, 6 December 2016.

Last updated: 2 December 2016

Results

2 December 2016

Series Offered 2.75% 21 October 2019
Series ID TB143
ISIN AU3TB0000184
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 1.9689
Coverage Ratio 2.7167
Lowest Yield Accepted (%) 1.9675
Highest Yield Accepted (%) 1.9700
Volume of Bids Received ($million) 2,445
Number of Bids 31
Number of Successful Bids 8
Number of Bids Allocated in Full 3
Best Bid (%) 1.9675
Worst Bid (%) 2.0025
Weighted Average Bid (%) 1.9747
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 82.6

*Individual allotments may vary due to rounding.

Last updated: 2 December 2016