Tender 975

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 29 May 2017. Details of the tender are set out below.

Series Offered 3.75% 21 April 2037
Series Number TB144
ISIN AU3TB0000192
Offered to Public ($million) 500
First Coupon Payment Due* 21 October 2017
First Coupon Payment Amount (per $100 face value) $1.875

*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 Monday, 29 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, 31 May 2017.

Last updated: 29 May 2017

Results

29 May 2017

Series Offered 3.75% 21 April 2037
Series ID TB144
ISIN AU3TB0000192
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 3.0701
Coverage Ratio 2.3700
Lowest Yield Accepted (%) 3.0650
Highest Yield Accepted (%) 3.0750
Volume of Bids Received ($million) 1,185
Number of Bids 44
Number of Successful Bids 18
Number of Bids Allocated in Full 10
Best Bid (%) 3.0650
Worst Bid (%) 3.0925
Weighted Average Bid (%) 3.0759
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 35.7

*Individual allotments may vary due to rounding.

Last updated: 29 May 2017