Tender 966

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 1 May 2017. Details of the tender are set out below.

Series Offered 2.75% 21 June 2035
Series Number TB145
ISIN AU000XCLWAM0
Offered to Public ($million) 300
First Coupon Payment Due* 21 June 2017
First Coupon Payment Amount (per $100 face value) $1.375

*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, 1 May 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, 3 May 2017.

Last updated: 1 May 2017

Results

1 May 2017

Series Offered 2.75% 21 June 2035
Series ID TB145
ISIN AU000XCLWAM0
Offered to Public ($million) 300
Amount Allotted to Public ($million) 300
Weighted Average Issue Yield (%) 3.1375
Coverage Ratio 3.5867
Lowest Yield Accepted (%) 3.1300
Highest Yield Accepted (%) 3.1425
Volume of Bids Received ($million) 1,076
Number of Bids 58
Number of Successful Bids 29
Number of Bids Allocated in Full 22
Best Bid (%) 3.1300
Worst Bid (%) 3.1925
Weighted Average Bid (%) 3.1514
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 15.2

*Individual allotments may vary due to rounding.

Last updated: 1 May 2017