Tender 950

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 8 March 2017. Details of the tender are set out below.

Series Offered 2.25% 21 May 2028
Series Number TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 800
First Coupon Payment Due* 21 May 2017
First Coupon Payment Amount (per $100 face value) $1.125

*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, 8 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 Friday, 10 March 2017.

Last updated: 8 March 2017

Results

8 March 2017

Series Offered 2.25% 21 May 2028
Series ID TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.9816
Coverage Ratio 3.7800
Lowest Yield Accepted (%) 2.9800
Highest Yield Accepted (%) 2.9825
Volume of Bids Received ($million) 3,024
Number of Bids 45
Number of Successful Bids 11
Number of Bids Allocated in Full 4
Best Bid (%) 2.9800
Worst Bid (%) 3.0325
Weighted Average Bid (%) 2.9905
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 85.1

*Individual allotments may vary due to rounding.

Last updated: 8 March 2017