Tender 843

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 8 February 2016. Details of the tender are set out below.

Series Offered 3.25% 21 April 2029
Series Number TB138
ISIN AU3TB0000150
Offered to Public ($million) 500
First Coupon Payment Due* 21 April 2016
First Coupon Payment Amount (per $100 face value) $1.625

*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, 8 February 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 Thursday, 11 February 2016.

Last updated: 8 February 2016

Results

8 February 2016

Series Offered 3.25% 21 April 2029
Series ID TB138
ISIN AU3TB0000150
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.8188
Coverage Ratio 2.9500
Lowest Yield Accepted (%) 2.8150
Highest Yield Accepted (%) 2.8200
Total Amount of All Bids Received ($million) 1,475
Total Number of Bids 42
Total Number of Successful Bids 13
Number of Bids Allocated in Full 5
Best Bid (%) 2.8150
Worst Bid (%) 2.8600
Weighted Average Bid (%) 2.8254
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 85.3

*Individual allotments may vary due to rounding.

Last updated: 8 February 2016