Tender 969

Announcement

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

Series Offered 4.50% 15 April 2020
Series Number TB126
ISIN AU3TB0000036
Offered to Public ($million) 600
First Coupon Payment Due* 15 October 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 Wednesday, 10 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 Friday, 12 May 2017.

Last updated: 10 May 2017

Results

10 May 2017

Series Offered 4.50% 15 April 2020
Series ID TB126
ISIN AU3TB0000036
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 1.8406
Coverage Ratio 4.8417
Lowest Yield Accepted (%) 1.8375
Highest Yield Accepted (%) 1.8450
Volume of Bids Received ($million) 2,905
Number of Bids 43
Number of Successful Bids 11
Number of Bids Allocated in Full 6
Best Bid (%) 1.8375
Worst Bid (%) 1.8625
Weighted Average Bid (%) 1.8494
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 14.6

*Individual allotments may vary due to rounding.

Last updated: 10 May 2017