Tender 994

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 11 August 2017. Details of the tender are set out below.

Series Offered 5.75% 15 July 2022
Series Number TB128
ISIN AU3TB0000051
Offered to Public ($million) 500
First Coupon Payment Due* 15 January 2018
First Coupon Payment Amount (per $100 face value) $2.875

*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 Friday, 11 August 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, 15 August 2017.

Last updated: 11 August 2017

Results

11 August 2017

Series Offered 5.75% 15 July 2022
Series ID TB128
ISIN AU3TB0000051
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.1337
Coverage Ratio 4.6900
Lowest Yield Accepted (%) 2.1300
Highest Yield Accepted (%) 2.1350
Volume of Bids Received ($million) 2,345
Number of Bids 29
Number of Successful Bids 11
Number of Bids Allocated in Full 4
Best Bid (%) 2.1300
Worst Bid (%) 2.1475
Weighted Average Bid (%) 2.1377
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 33.1

*Individual allotments may vary due to rounding.

Last updated: 11 August 2017