Tender 951

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 10 March 2017. Details of the tender are set out below.

Series Offered 5.75% 15 May 2021
Series Number TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 600
First Coupon Payment Due* 15 May 2017
First Coupon Payment Amount (per $100 face value) $2.875

*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, 10 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, 14 March 2017.

Last updated: 10 March 2017

Results

10 March 2017

Series Offered 5.75% 15 May 2021
Series ID TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 2.2905
Coverage Ratio 5.2617
Lowest Yield Accepted (%) 2.2850
Highest Yield Accepted (%) 2.2925
Volume of Bids Received ($million) 3,157
Number of Bids 45
Number of Successful Bids 11
Number of Bids Allocated in Full 4
Best Bid (%) 2.2850
Worst Bid (%) 2.3200
Weighted Average Bid (%) 2.2995
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: 10 March 2017