Tender 932

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 7 December 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) 900
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.

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 Wednesday, 7 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 Friday, 9 December 2016.

Last updated: 7 December 2016

Results

7 December 2016

Series Offered 1.75% 21 November 2020
Series ID TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 2.0949
Coverage Ratio 4.2933
Lowest Yield Accepted (%) 2.0850
Highest Yield Accepted (%) 2.0975
Volume of Bids Received ($million) 3,864
Number of Bids 47
Number of Successful Bids 21
Number of Bids Allocated in Full 14
Best Bid (%) 2.0850
Worst Bid (%) 2.1200
Weighted Average Bid (%) 2.1017
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 27.6

*Individual allotments may vary due to rounding.

Last updated: 7 December 2016