Tender 971

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 17 May 2017. Details of the tender are set out below.

Series Offered 4.50% 21 April 2033
Series Number TB140
ISIN AU000XCLWAG2
Offered to Public ($million) 500
First Coupon Payment Due* 21 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, 17 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, 19 May 2017.

Last updated: 17 May 2017

Results

17 May 2017

Series Offered 4.50% 21 April 2033
Series ID TB140
ISIN AU000XCLWAG2
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.9342
Coverage Ratio 2.6700
Lowest Yield Accepted (%) 2.9300
Highest Yield Accepted (%) 2.9350
Volume of Bids Received ($million) 1,335
Number of Bids 46
Number of Successful Bids 13
Number of Bids Allocated in Full 6
Best Bid (%) 2.9300
Worst Bid (%) 2.9525
Weighted Average Bid (%) 2.9388
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 92.2

*Individual allotments may vary due to rounding.

Last updated: 17 May 2017