Tender 787

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 3 July 2015. Details of the tender are set out below.

Series Offered 4.50% 15 April 2020
Series Number TB126
ISIN AU3TB0000036
Offered to Public ($million) 800
First Coupon Payment Due* 15 October 2015
First Coupon Payment Amount (per $100 face value) $2.25

*Coupons will be paid at half-yearly intervals thereafter.

Lodgement 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 Friday, 3 July 2015.

All bids must comply with the Information Memorandum for Treasury Bonds [PDF 146KB | RTF 1.133MB] dated 27 March 2015.

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 bids.

Settlement Arrangements

Successful bids for Treasury Bonds offered in the tender must be settled in the Austraclear System on Wednesday, 8 July 2015.

Last updated: 3 July 2015

Results

3 July 2015

Series Offered 4.50% 15 April 2020
Series ID TB126
ISIN AU3TB0000036
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.3140
Coverage Ratio 3.894
Lowest Yield Accepted (%) 2.310
Highest Yield Accepted (%) 2.315
Total Amount of All Bids Received ($million) 3,115
Total Number of Bids 44
Total Number of Successful Bids 12
Number of Bids Allocated in Full 6
Best Bid (%) 2.310
Worst Bid (%) 2.350
Weighted Average Bid (%) 2.3237
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 98.4

*Individual allotments may vary due to rounding.

Last updated: 3 July 2015