Tender 836

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 11 December 2015. Details of the tender are set out below.

Series Offered 1.75% 21 November 2020
Series Number TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 600
First Coupon Payment Due* 21 May 2016
First Coupon Payment Amount (per $100 face value) $0.875

*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 Friday, 11 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 Wednesday, 16 December 2015.

Last updated: 15 January 2016

Results

11 December 2015

Series Offered 1.75% 21 November 2020
Series ID TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 2.3840
Coverage Ratio 3.0083
Lowest Yield Accepted (%) 2.3800
Highest Yield Accepted (%) 2.3875
Total Amount of All Bids Received ($million) 1,805
Total Number of Bids 39
Total Number of Successful Bids 16
Number of Bids Allocated in Full 10
Best Bid (%) 2.3800
Worst Bid (%) 2.4050
Weighted Average Bid (%) 2.3899
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 28

*Individual allotments may vary due to rounding.

Last updated: 15 January 2016