Tender 996

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 16 August 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) 900
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 Wednesday, 16 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 Friday, 18 August 2017.

Last updated: 16 August 2017

Results

16 August 2017

Series Offered 3.25% 21 April 2029
Series ID TB138
ISIN AU3TB0000150
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 2.7608
Coverage Ratio 2.9611
Lowest Yield Accepted (%) 2.7575
Highest Yield Accepted (%) 2.7625
Volume of Bids Received ($million) 2,665
Number of Bids 33
Number of Successful Bids 13
Number of Bids Allocated in Full 6
Best Bid (%) 2.7575
Worst Bid (%) 2.7750
Weighted Average Bid (%) 2.7636
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 36.2

*Individual allotments may vary due to rounding.

Last updated: 16 August 2017