Tender 829

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 23 November 2015. Details of the tender are set out below.

Series Offered 3.75% 21 April 2037
Series Number TB144
ISIN AU3TB0000192
Offered to Public ($million) 500
First Coupon Payment Due* 21 April 2016
First Coupon Payment Amount (per $100 face value) $1.875

*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 Monday, 23 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, 26 November 2015.

Last updated: 23 November 2015

Results

23 November 2015

Series Offered 3.75% 21 April 2037
Series ID TB144
ISIN AU3TB0000192
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 3.5482
Coverage Ratio 2.3300
Lowest Yield Accepted (%) 3.5400
Highest Yield Accepted (%) 3.5525
Total Amount of All Bids Received ($million) 1,165
Total Number of Bids 49
Total Number of Successful Bids 18
Number of Bids Allocated in Full 18
Best Bid (%) 3.5400
Worst Bid (%) 3.5850
Weighted Average Bid (%) 3.5558
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100

*Individual allotments may vary due to rounding.

Last updated: 23 November 2015