Tender 936

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 11 January 2017. Details of the tender are set out below.

Series Offered 2.75% 21 November 2027
Series Number TB148
ISIN AU000XCLWAQ1
Offered to Public ($million) 1,000
First Coupon Payment Due* 21 May 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 Wednesday, 11 January 2017.

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, 13 January 2017.

Last updated: 11 January 2017

Results

11 January 2017

Series Offered 2.75% 21 November 2027
Series ID TB148
ISIN AU000XCLWAQ1
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 2.7967
Coverage Ratio 3.0080
Lowest Yield Accepted (%) 2.7925
Highest Yield Accepted (%) 2.8000
Volume of Bids Received ($million) 3,008
Number of Bids 58
Number of Successful Bids 29
Number of Bids Allocated in Full 17
Best Bid (%) 2.7925
Worst Bid (%) 2.9000
Weighted Average Bid (%)  2.8090
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 17.3

*Individual allotments may vary due to rounding.

Last updated: 11 January 2017