Tender 963

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 21 April 2017. Details of the tender are set out below.

Series Offered 2.00% 21 December 2021
Series Number TB151
ISIN AU000XCLWAT5
Offered to Public ($million) 600
First Coupon Payment Due* 21 June 2017
First Coupon Payment Amount (per $100 face value) $1.00

*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 Friday, 21 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, 26 April 2017.

Last updated: 21 April 2017

Results

21 April 2017

Series Offered 2.00% 21 December 2021
Series ID TB151
ISIN AU000XCLWAT5
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 2.0444
Coverage Ratio 4.9583
Lowest Yield Accepted (%) 2.0425
Highest Yield Accepted (%) 2.0450
Volume of Bids Received ($million) 2,975
Number of Bids 36
Number of Successful Bids 9
Number of Bids Allocated in Full 3
Best Bid (%) 2.0425
Worst Bid (%) 2.0625
Weighted Average Bid (%) 2.0496
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 71.4

*Individual allotments may vary due to rounding.

Last updated: 21 April 2017