Tender 953

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 22 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, 22 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, 24 March 2017.

Last updated: 22 March 2017

Results

22 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 (%) 2.8595
Coverage Ratio 2.1913
Lowest Yield Accepted (%) 2.8550
Highest Yield Accepted (%) 2.8625
Volume of Bids Received ($million) 1,753
Number of Bids 34
Number of Successful Bids 17
Number of Bids Allocated in Full 12
Best Bid (%) 2.8550
Worst Bid (%) 2.8800
Weighted Average Bid (%) 2.8646
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 31.2

*Individual allotments may vary due to rounding.

Last updated: 22 March 2017