Tender 995

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 14 August 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) 500
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 Monday, 14 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 Wednesday, 16 August 2017.

Last updated: 14 August 2017

Results

14 August 2017

Series Offered 2.25% 21 May 2028
Series ID TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.6464
Coverage Ratio 4.8540
Lowest Yield Accepted (%) 2.6450
Highest Yield Accepted (%) 2.6475
Volume of Bids Received ($million) 2,427
Number of Bids 36
Number of Successful Bids 15
Number of Bids Allocated in Full 7
Best Bid (%) 2.6450
Worst Bid (%) 2.6600
Weighted Average Bid (%) 2.6504
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 34.6

*Individual allotments may vary due to rounding.

Last updated: 14 August 2017