Tender 834

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 7 December 2015. Details of the tender are set out below.

Series Offered 4.50% 21 April 2033
Series Number TB140
ISIN AU000XCLWAG2
Offered to Public ($million) 300
First Coupon Payment Due* 21 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 Monday, 7 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 Thursday, 10 December 2015.

Last updated: 7 December 2015

Results

7 December 2015

Series Offered 4.50% 21 April 2033
Series ID TB140
ISIN AU000XCLWAG2
Offered to Public ($million) 300
Amount Allotted to Public ($million) 300
Weighted Average Issue Yield (%) 3.3864
Coverage Ratio 2.5333
Lowest Yield Accepted (%) 3.3825
Highest Yield Accepted (%) 3.3900
Total Amount of All Bids Received ($million) 760
Total Number of Bids 38
Total Number of Successful Bids 14
Number of Bids Allocated in Full 7
Best Bid (%) 3.3825
Worst Bid (%) 3.4125
Weighted Average Bid (%) 3.3923
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 38.5

*Individual allotments may vary due to rounding.

Last updated: 7 December 2015