Tender 944

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 10 February 2017. Details of the tender are set out below.

Series Offered 4.50% 15 April 2020
Series Number TB126
ISIN AU3TB0000036
Offered to Public ($million) 600
First Coupon Payment Due* 15 April 2017
First Coupon Payment Amount (per $100 face value) $2.250

*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, 10 February 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, 14 February 2017.

Last updated: 10 February 2017

Results

10 February 2017

Series Offered 4.50% 15 April 2020
Series ID TB126
ISIN AU3TB0000036
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 1.9294
Coverage Ratio 5.4667
Lowest Yield Accepted (%) 1.9250
Highest Yield Accepted (%) 1.9325
Volume of Bids Received ($million) 3,280
Number of Bids 42
Number of Successful Bids 11
Number of Bids Allocated in Full 6
Best Bid (%) 1.9250
Worst Bid (%) 1.9700
Weighted Average Bid (%) 1.9402
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 26.5

*Individual allotments may vary due to rounding.

Last updated: 10 February 2017