Tender 949

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 6 March 2017. Details of the tender are set out below.

Series Offered 3.75% 21 April 2037
Series Number TB144
ISIN AU3TB0000192
Offered to Public ($million) 600
First Coupon Payment Due* 21 April 2017
First Coupon Payment Amount (per $100 face value) $1.875

*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 Monday, 6 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 Wednesday, 8 March 2017.

Last updated: 6 March 2017

Results

6 March 2017

Series Offered 3.75% 21 April 2037
Series ID TB144
ISIN AU3TB0000192
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 3.4984
Coverage Ratio 2.5250
Lowest Yield Accepted (%) 3.4925
Highest Yield Accepted (%) 3.5050
Volume of Bids Received ($million) 1,515
Number of Bids 48
Number of Successful Bids 11
Number of Bids Allocated in Full 6
Best Bid (%) 3.4925
Worst Bid (%) 3.5400
Weighted Average Bid (%) 3.5103
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 93.3

*Individual allotments may vary due to rounding.

Last updated: 6 March 2017