Tender 1

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the repurchase of outstanding Treasury Bonds on Monday, 19 September 2016. Details of the tender are set out below.

Series to be Repurchased 3.25% 21 October 2018
Series Number TB141
ISIN AU3TB0000176
Tender Size ($million)* 400
First Coupon Payment Due 21 October 2016
First Coupon Payment Amount (per $100 face value) 1.625

*If there are insufficient offers at yields the AOFM judges to be acceptable, a lower amount of Treasury Bonds may be repurchased.

Lodgement of Offers

Offers may be lodged by Registered Bidders through the AOFM Tender System, which is accessed via the Yieldbroker DEBTS System, between 9.45 am and 10.00 am Australian Eastern Standard Time on Monday, 19 September 2016.

All offers 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 lodgement of offers.

Settlement Arrangements

Successful offers for Treasury Bonds repurchased in the tender must be settled in the Austraclear System on Wednesday, 21 September 2016.

Last updated: 19 September 2016

Results

19 September 2016

Series Repurchased 3.25% 21 October 2018
Series ID TB141
ISIN AU3TB0000176
Tender Size ($million) 400
Offers Accepted ($million) 400
Weighted Average Accepted Yield (%) 1.6300
Coverage Ratio 3.5625
Lowest Yield Accepted (%) 1.6250
Highest Yield Accepted (%) 1.6350
Total Amount of All Offers Received ($million) 1,425
Total Number of Offers 19
Total Number of Successful Offers 5
Number of Offers Allocated in Full 5
Best Offer (%) 1.6350
Worst Offer (%) 1.5700
Weighted Average Offer (%) 1.6076
Amount Repurchased at Lowest Accepted Yield as Percentage of Amount Offered at that Yield* 100

*Individual allotments may vary due to rounding.

Last updated: 19 September 2016