Tender 977

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 2 June 2017. Details of the tender are set out below.

Series Offered 2.00% 21 December 2021
Series Number TB151
ISIN AU000XCLWAT5
Offered to Public ($million) 600
First Coupon Payment Due* 21 June 2017
First Coupon Payment Amount (per $100 face value) $1.00

*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 Friday, 2 June 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 Tuesday, 6 June 2017.

Last updated: 2 June 2017

Results

2 June 2017

Series Offered 2.00% 21 December 2021
Series ID TB151
ISIN AU000XCLWAT5
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 1.8786
Coverage Ratio 4.6333
Lowest Yield Accepted (%) 1.8750
Highest Yield Accepted (%) 1.8800
Volume of Bids Received ($million) 2,780
Number of Bids 30
Number of Successful Bids 13
Number of Bids Allocated in Full 5
Best Bid (%) 1.8750
Worst Bid (%) 1.8950
Weighted Average Bid (%) 1.8831
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 34.1

*Individual allotments may vary due to rounding.

Last updated: 2 June 2017