Tender 955

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 27 March 2017. Details of the tender are set out below.

Series Offered 3.00% 21 March 2047
Series Number TB150
ISIN AU000XCLWAS7
Offered to Public ($million) 500
First Coupon Payment Due* 21 September 2017
First Coupon Payment Amount (per $100 face value) $1.50

*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, 27 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, 29 March 2017.

Last updated: 27 March 2017

Results

27 March 2017

Series Offered 3.00% 21 March 2047
Series ID TB150
ISIN AU000XCLWAS7
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 3.6732
Coverage Ratio 2.6540
Lowest Yield Accepted (%) 3.6675
Highest Yield Accepted (%) 3.6750
Volume of Bids Received ($million) 1,327
Number of Bids 67
Number of Successful Bids 20
Number of Bids Allocated in Full 10
Best Bid (%) 3.6675
Worst Bid (%) 3.7125
Weighted Average Bid (%) 3.6807
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 65.6

*Individual allotments may vary due to rounding.

Last updated: 27 March 2017