Tender 940

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 27 January 2017. Details of the tender are set out below.

Series Offered 2.25% 21 May 2028
Series Number TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 700
First Coupon Payment Due* 21 May 2017
First Coupon Payment Amount (per $100 face value) $1.125

*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, 27 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 Tuesday, 31 January 2017.

Last updated: 27 January 2017

Results

27 January 2017

Series Offered 2.25% 21 May 2028
Series ID TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 2.8995
Coverage Ratio 2.9129
Lowest Yield Accepted (%) 2.8950
Highest Yield Accepted (%) 2.9025
Volume of Bids Received ($million) 2,039
Number of Bids 33
Number of Successful Bids 6
Number of Bids Allocated in Full 1
Best Bid (%) 2.8950
Worst Bid (%) 2.9325
Weighted Average Bid (%) 2.9059
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 77.8

*Individual allotments may vary due to rounding.

Last updated: 27 January 2017