Tender 978

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 5 June 2017. Details of the tender are set out below.

Series Offered 3.25% 21 April 2029
Series Number TB138
ISIN AU3TB0000150
Offered to Public ($million) 400
First Coupon Payment Due* 21 October 2017
First Coupon Payment Amount (per $100 face value) $1.625

*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, 5 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 Wednesday, 7 June 2017.

Last updated: 5 June 2017

Results

5 June 2017

Series Offered 3.25% 21 April 2029
Series ID TB138
ISIN AU3TB0000150
Offered to Public ($million) 400
Amount Allotted to Public ($million) 400
Weighted Average Issue Yield (%) 2.5171
Coverage Ratio 4.1600
Lowest Yield Accepted (%) 2.5150
Highest Yield Accepted (%) 2.5175
Volume of Bids Received ($million) 1,664
Number of Bids 37
Number of Successful Bids 11
Number of Bids Allocated in Full 3
Best Bid (%) 2.5150
Worst Bid (%) 2.5300
Weighted Average Bid (%) 2.5211
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 88.3

*Individual allotments may vary due to rounding.

Last updated: 5 June 2017