Tender 947

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 17 February 2017. Details of the tender are set out below.

Series Offered 1.75% 21 November 2020
Series Number TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 600
First Coupon Payment Due* 21 May 2017
First Coupon Payment Amount (per $100 face value) $0.875

*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, 17 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, 21 February 2017.

Last updated: 17 February 2017

Results

17 February 2017

Series Offered 1.75% 21 November 2020
Series ID TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 2.1157
Coverage Ratio 5.8550
Lowest Yield Accepted (%) 2.1125
Highest Yield Accepted (%) 2.1175
Volume of Bids Received ($million) 3,513
Number of Bids 48
Number of Successful Bids 8
Number of Bids Allocated in Full 3
Best Bid (%) 2.1125
Worst Bid (%) 2.1450
Weighted Average Bid (%)  2.1257
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 53.3

*Individual allotments may vary due to rounding.

Last updated: 17 February 2017