Tender 961

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 12 April 2017. Details of the tender are set out below.

Series Offered 1.75% 21 November 2020
Series Number TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 800
First Coupon Payment Due* 21 May 2017
First Coupon Payment Amount (per $100 face value) $0.875

*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 Standard Time on Wednesday, 12 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 Tuesday, 18 April 2017.

Last updated: 12 April 2017

Results

12 April 2017

Series Offered 1.75% 21 November 2020
Series ID TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 1.8675
Coverage Ratio 3.7438
Lowest Yield Accepted (%) 1.8625
Highest Yield Accepted (%) 1.8700
Volume of Bids Received ($million) 2,995
Number of Bids 36
Number of Successful Bids 12
Number of Bids Allocated in Full 6
Best Bid (%) 1.8625
Worst Bid (%) 1.8900
Weighted Average Bid (%) 1.8743
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 48.9

*Individual allotments may vary due to rounding.

Last updated: 12 April 2017