Tender 844

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 10 February 2016. Details of the tender are set out below.

Series Offered 4.25% 21 April 2026
Series Number TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 600
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, 10 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 Monday, 15 February 2016.

Last updated: 10 February 2016

Results

10 February 2016

Series Offered 4.25% 21 April 2026
Series ID TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 2.4382
Coverage Ratio 3.1500
Lowest Yield Accepted (%) 2.4350
Highest Yield Accepted (%) 2.4400
Total Amount of All Bids Received ($million) 1,890
Total Number of Bids 38
Total Number of Successful Bids 14
Number of Bids Allocated in Full 7
Best Bid (%) 2.4350
Worst Bid (%) 2.4750
Weighted Average Bid (%) 2.4440
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 40.4

*Individual allotments may vary due to rounding.

Last updated: 10 February 2016