Tender 804

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 2 September 2015. Details of the tender are set out below.

Series Offered 1.75% 21 November 2020
Series Number TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 600
First Coupon Payment Due* 21 November 2015
First Coupon Payment Amount (per $100 face value) $0.875

*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, 2 September 2015.

All bids must comply with the Information Memorandum for Treasury Bonds [PDF 146KB | RTF 1.134MB] dated 14 August 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, 7 September 2015.

Last updated: 2 September 2015

Results

2 September 2015

Series Offered 1.75% 21 November 2020
Series ID TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 2.0927
Coverage Ratio 3.6833
Lowest Yield Accepted (%) 2.0900
Highest Yield Accepted (%) 2.0950
Total Amount of All Bids Received ($million) 2,210
Total Number of Bids 47
Total Number of Successful Bids 12
Number of Bids Allocated in Full 6
Best Bid (%) 2.0900
Worst Bid (%) 2.1175
Weighted Average Bid (%) 2.1015
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 73.5

*Individual allotments may vary due to rounding.

Last updated: 2 September 2015