Tender 828

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 20 November 2015. Details of the tender are set out below.

Series Offered 4.50% 15 April 2020
Series Number TB126
ISIN AU3TB0000036
Offered to Public ($million) 600
First Coupon Payment Due* 15 April 2016
First Coupon Payment Amount (per $100 face value) $2.25

*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, 20 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 Wednesday, 25 November 2015.

Last updated: 20 November 2015

Results

20 November 2015

Series Offered 4.50% 15 April 2020
Series ID TB126
ISIN AU3TB0000036
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 2.2367
Coverage Ratio 4.4167
Lowest Yield Accepted (%) 2.2350
Highest Yield Accepted (%) 2.2375
Total Amount of All Bids Received ($million) 2,650
Total Number of Bids 37
Total Number of Successful Bids 8
Number of Bids Allocated in Full 3
Best Bid (%) 2.2350
Worst Bid (%) 2.2800
Weighted Average Bid (%) 2.2441
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 66.7

*Individual allotments may vary due to rounding.

Last updated: 20 November 2015