Tender 826

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 16 November 2015. Details of the tender are set out below.

Series Offered 2.75% 21 June 2035
Series Number TB145
ISIN AU000XCLWAM0
Offered to Public ($million) 300
First Coupon Payment Due* 21 December 2015
First Coupon Payment Amount (per $100 face value) $1.375

*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 Monday, 16 November 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 Thursday, 19 November 2015.

Last updated: 16 November 2015

Results

16 November 2015

Series Offered 2.75% 21 June 2035
Series ID TB145
ISIN AU000XCLWAM0
Offered to Public ($million) 300
Amount Allotted to Public ($million) 300
Weighted Average Issue Yield (%) 3.4754
Coverage Ratio 5.1100
Lowest Yield Accepted (%) 3.4700
Highest Yield Accepted (%) 3.4800
Total Amount of All Bids Received ($million) 1,533
Total Number of Bids 47
Total Number of Successful Bids 19
Number of Bids Allocated in Full 9
Best Bid (%) 3.4700
Worst Bid (%) 3.5000
Weighted Average Bid (%) 3.4831
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 2.9

*Individual allotments may vary due to rounding.

Last updated: 16 November 2015