Tender 946

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 15 February 2017. Details of the tender are set out below.

Series Offered 4.25% 21 April 2026
Series Number TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 500
First Coupon Payment Due* 21 April 2017
First Coupon Payment Amount (per $100 face value) $2.125

*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 Wednesday, 15 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 Friday, 17 February 2017.

Last updated: 15 February 2017

Results

15 February 2017

Series Offered 4.25% 21 April 2026
Series ID TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.7311
Coverage Ratio 5.0540
Lowest Yield Accepted (%) 2.7300
Highest Yield Accepted (%) 2.7325
Volume of Bids Received ($million) 2,527
Number of Bids 52
Number of Successful Bids 15
Number of Bids Allocated in Full 6
Best Bid (%) 2.7300
Worst Bid (%) 2.7700
Weighted Average Bid (%) 2.7407
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 45.7

*Individual allotments may vary due to rounding.

Last updated: 15 February 2017