Tender 797

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 12 August 2015. Details of the tender are set out below.

Series Offered 5.75% 15 July 2022
Series Number TB128
ISIN AU3TB0000051
Offered to Public ($million) 800
First Coupon Payment Due* 15 January 2016
First Coupon Payment Amount (per $100 face value) $2.875

*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 Wednesday, 12 August 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 Monday, 17 August 2015.

Last updated: 12 August 2015

Results

12 August 2015

Series Offered 5.75% 15 July 2022
Series ID TB128
ISIN AU3TB0000051
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.4466
Coverage Ratio 2.3250
Lowest Yield Accepted (%) 2.4400
Highest Yield Accepted (%) 2.4500
Total Amount of All Bids Received ($million) 1,860
Total Number of Bids 39
Total Number of Successful Bids 21
Number of Bids Allocated in Full 10
Best Bid (%) 2.4400
Worst Bid (%) 2.4750
Weighted Average Bid (%) 2.4522
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 45.1

*Individual allotments may vary due to rounding.

Last updated: 12 August 2015