Tender 839

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 25 January 2016. Details of the tender are set out below.

Series Offered 4.50% 15 April 2020
Series Number TB126
ISIN AU3TB0000036
Offered to Public ($million) 800
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 Monday, 25 January 2016.

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 Friday, 29 January 2016.

Last updated: 25 January 2016

Results

25 January 2016

Series Offered 4.50% 15 April 2020
Series ID TB126
ISIN AU3TB0000036
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.0487
Coverage Ratio 4.1250
Lowest Yield Accepted (%) 2.0450
Highest Yield Accepted (%) 2.0500
Total Amount of All Bids Received ($million) 3,300
Total Number of Bids 36
Total Number of Successful Bids 12
Number of Bids Allocated in Full 8
Best Bid (%) 2.0450
Worst Bid (%) 2.0850
Weighted Average Bid (%) 2.0583
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 86.8

*Individual allotments may vary due to rounding.

Last updated: 25 January 2016