Tender 960

Announcement

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

Series Offered 4.50% 21 April 2033
Series Number TB140
ISIN AU000XCLWAG2
Offered to Public ($million) 400
First Coupon Payment Due* 21 April 2017
First Coupon Payment Amount (per $100 face value) $2.25

*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 Standard Time on Monday, 10 April 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, 12 April 2017.

Last updated: 10 April 2017

Results

10 April 2017

Series Offered 4.50% 21 April 2033
Series ID TB140
ISIN AU000XCLWAG2
Offered to Public ($million) 400
Amount Allotted to Public ($million) 400
Weighted Average Issue Yield (%) 3.0080
Coverage Ratio 3.8125
Lowest Yield Accepted (%) 3.0050
Highest Yield Accepted (%) 3.0100
Volume of Bids Received ($million) 1,525
Number of Bids 50
Number of Successful Bids 17
Number of Bids Allocated in Full 8
Best Bid (%) 3.0050
Worst Bid (%) 3.0550
Weighted Average Bid (%) 3.0144
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 74.1

*Individual allotments may vary due to rounding.

Last updated: 10 April 2017