Tender 827

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 18 November 2015. Details of the tender are set out below.

Series Offered 4.25% 21 April 2026
Series Number TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 800
First Coupon Payment Due* 21 April 2016
First Coupon Payment Amount (per $100 face value) $2.125

*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 Wednesday, 18 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 Monday, 23 November 2015.

Last updated: 18 November 2015

Results

18 November 2015

Series Offered 4.25% 21 April 2026
Series ID TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.9723
Coverage Ratio 3.0600
Lowest Yield Accepted (%) 2.9700
Highest Yield Accepted (%) 2.9750
Total Amount of All Bids Received ($million) 2,448
Total Number of Bids 43
Total Number of Successful Bids 18
Number of Bids Allocated in Full 10
Best Bid (%) 2.9700
Worst Bid (%) 3.0050
Weighted Average Bid (%) 2.9774
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 11.5

*Individual allotments may vary due to rounding.

Last updated: 18 November 2015