Tender 948

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 3 March 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) 800
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, 3 March 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, 7 March 2017.

Last updated: 3 March 2017

Results

3 March 2017

Series Offered 1.75% 21 November 2020
Series ID TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.1076
Coverage Ratio 5.1625
Lowest Yield Accepted (%) 2.1025
Highest Yield Accepted (%) 2.1125
Volume of Bids Received ($million) 4,130
Number of Bids 50
Number of Successful Bids 8
Number of Bids Allocated in Full 5
Best Bid (%) 2.1025
Worst Bid (%) 2.1550
Weighted Average Bid (%) 2.1185
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 66.7

*Individual allotments may vary due to rounding.

Last updated: 3 March 2017