Tender 989

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 21 July 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) 500
First Coupon Payment Due* 21 December 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, 21 July 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, 25 July 2017.

Last updated: 21 July 2017

Results

21 July 2017

Series Offered 2.00% 21 December 2021
Series ID TB151
ISIN AU000XCLWAT5
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.1996
Coverage Ratio 6.5800
Lowest Yield Accepted (%) 2.1975
Highest Yield Accepted (%) 2.2000
Volume of Bids Received ($million) 3,290
Number of Bids 40
Number of Successful Bids 7
Number of Bids Allocated in Full 2
Best Bid (%) 2.1975
Worst Bid (%) 2.2250
Weighted Average Bid (%) 2.2072
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 74.8

*Individual allotments may vary due to rounding.

Last updated: 21 July 2017