Tender 965

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 28 April 2017. Details of the tender are set out below.

Series Offered 5.75% 15 July 2022
Series Number TB128
ISIN AU3TB0000051
Offered to Public ($million) 800
First Coupon Payment Due* 15 July 2017
First Coupon Payment Amount (per $100 face value) $2.875

*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 Friday, 28 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, 2 May 2017.

Last updated: 28 April 2017

Results

28 April 2017

Series Offered 5.75% 15 July 2022
Series ID TB128
ISIN AU3TB0000051
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.1198
Coverage Ratio 4.6813
Lowest Yield Accepted (%) 2.1175
Highest Yield Accepted (%) 2.1225
Volume of Bids Received ($million) 3,745
Number of Bids 48
Number of Successful Bids 14
Number of Bids Allocated in Full 7
Best Bid (%) 2.1175
Worst Bid (%) 2.1400
Weighted Average Bid (%) 2.1255
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 5.8

*Individual allotments may vary due to rounding.

Last updated: 28 April 2017