Tender 952

Announcement

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

Series Offered 3.25% 21 April 2029
Series Number TB138
ISIN AU3TB0000150
Offered to Public ($million) 700
First Coupon Payment Due* 21 April 2017
First Coupon Payment Amount (per $100 face value) $1.625

*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 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, 21 March 2017.

Last updated: 17 March 2017

Results

17 March 2017

Series Offered 3.25% 21 April 2029
Series ID TB138
ISIN AU3TB0000150
Offered to Public ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 3.0373
Coverage Ratio 3.7457
Lowest Yield Accepted (%) 3.0300
Highest Yield Accepted (%) 3.0400
Volume of Bids Received ($million) 2,622
Number of Bids 50
Number of Successful Bids 17
Number of Bids Allocated in Full 10
Best Bid (%) 3.0300
Worst Bid (%) 3.0800
Weighted Average Bid (%) 3.0457
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 25.3

*Individual allotments may vary due to rounding.

Last updated: 17 March 2017