Tender 2

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the repurchase of outstanding Treasury Bonds on Monday, 24 October 2016. Details of the tender are set out below.

Series to be Repurchased 5.50% 21 January 2018
Series Number TB132
ISIN AU3TB0000093
Tender Size ($million)* 300
First Coupon Payment Due 21 January 2017
First Coupon Payment Amount (per $100 face value) 2.75

*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 Daylight Time on Monday, 24 October 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, 26 October 2016.

Last updated: 24 October 2016

Results

24 October 2016

Series Repurchased 5.50% 21 January 2018
Series ID TB132
ISIN AU3TB0000093
Tender Size ($million) 300
Offers Accepted ($million) 300
Weighted Average Accepted Yield (%) 1.6687
Coverage Ratio 3.6100
Lowest Yield Accepted (%) 1.6650
Highest Yield Accepted (%) 1.6750
Total Amount of All Offers Received ($million) 1,083
Total Number of Offers 26
Total Number of Successful Offers 9
Number of Offers Allocated in Full 5
Best Offer (%) 1.6750
Worst Offer (%) 1.6350
Weighted Average Offer (%) 1.6595
Amount Repurchased at Lowest Accepted Yield as Percentage of Amount Offered at that Yield* 51.5

*Individual allotments may vary due to rounding.

Last updated: 24 October 2016