Tender 945

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 13 February 2017. Details of the tender are set out below.

Series Offered 4.50% 21 April 2033
Series Number TB140
ISIN AU000XCLWAG2
Offered to Public ($million) 300
First Coupon Payment Due* 21 April 2017
First Coupon Payment Amount (per $100 face value) $2.25

*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 Monday, 13 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 Wednesday, 15 February 2017.

Last updated: 13 February 2017

Results

13 February 2017

Series Offered 4.50% 21 April 2033
Series ID TB140
ISIN AU000XCLWAG2
Offered to Public ($million) 300
Amount Allotted to Public ($million) 300
Weighted Average Issue Yield (%) 3.1640
Coverage Ratio 3.4200
Lowest Yield Accepted (%) 3.1600
Highest Yield Accepted (%) 3.1650
Volume of Bids Received ($million) 1,026
Number of Bids 39
Number of Successful Bids 15
Number of Bids Allocated in Full 7
Best Bid (%) 3.1600
Worst Bid (%) 3.1900
Weighted Average Bid (%) 3.1694
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 72.5

*Individual allotments may vary due to rounding.

Last updated: 13 February 2017