Tender 998

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 21 August 2017. Details of the tender are set out below.

Series Offered 2.75% 21 November 2028
Series Number TB152
ISIN AU000XCLWAU3
Offered to Public ($million) 800
First Coupon Payment Due* 21 November 2017
First Coupon Payment Amount (per $100 face value) $1.375

*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, 21 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, 23 August 2017.

Last updated: 21 August 2017

Results

21 August 2017

Series Offered 2.75% 21 November 2028
Series ID TB152
ISIN AU000XCLWAU3
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.6998
Coverage Ratio 2.9875
Lowest Yield Accepted (%) 2.6975
Highest Yield Accepted (%) 2.7000
Volume of Bids Received ($million) 2,390
Number of Bids 37
Number of Successful Bids 11
Number of Bids Allocated in Full 3
Best Bid (%) 2.6975
Worst Bid (%) 2.7125
Weighted Average Bid (%) 2.7043
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 91.3

*Individual allotments may vary due to rounding.

Last updated: 21 August 2017