Tender 821

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 30 October 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 Daylight Time on Friday, 30 October 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 Wednesday, 4 November 2015.

Last updated: 30 October 2015

Results

30 October 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 (%) 2.3085
Coverage Ratio 2.7000
Lowest Yield Accepted (%) 2.3050
Highest Yield Accepted (%) 2.3100
Total Amount of All Bids Received ($million) 2,160
Total Number of Bids 45
Total Number of Successful Bids 14
Number of Bids Allocated in Full 7
Best Bid (%) 2.3050
Worst Bid (%) 2.3425
Weighted Average Bid (%) 2.3134
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 84.6

*Individual allotments may vary due to rounding.

Last updated: 30 October 2015