Tender 976

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 31 May 2017. Details of the tender are set out below.

Series Offered 2.25% 21 May 2028
Series Number TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 800
First Coupon Payment Due* 21 November 2017
First Coupon Payment Amount (per $100 face value) $1.125

*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, 31 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, 2 June 2017.

Last updated: 31 May 2017

Results

31 May 2017

Series Offered 2.25% 21 May 2028
Series ID TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.4978
Coverage Ratio 2.8350
Lowest Yield Accepted (%) 2.4950
Highest Yield Accepted (%) 2.5000
Volume of Bids Received ($million) 2,268
Number of Bids 35
Number of Successful Bids 15
Number of Bids Allocated in Full 6
Best Bid (%) 2.4950
Worst Bid (%) 2.5125
Weighted Average Bid (%) 2.5012
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 24.2

*Individual allotments may vary due to rounding.

Last updated: 31 May 2017