Tender 832

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 2 December 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) 900
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, 2 December 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, 7 December 2015.

Last updated: 2 December 2015

Results

2 December 2015

Series Offered 4.25% 21 April 2026
Series ID TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 2.8578
Coverage Ratio 1.7611
Lowest Yield Accepted (%) 2.8525
Highest Yield Accepted (%) 2.8600
Total Amount of All Bids Received ($million) 1,585
Total Number of Bids 35
Total Number of Successful Bids 20
Number of Bids Allocated in Full 11
Best Bid (%) 2.8525
Worst Bid (%) 2.8800
Weighted Average Bid (%) 2.8612
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 73.1

*Individual allotments may vary due to rounding.

Last updated: 2 December 2015