Tender 845

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 12 February 2016. Details of the tender are set out below.

Series Offered 5.25% 15 March 2019
Series Number TB122
ISIN AU300TB01224
Offered to Public ($million) 600
First Coupon Payment Due* 15 March 2016
First Coupon Payment Amount (per $100 face value) $2.625

*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 Friday, 12 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 Wednesday, 17 February 2016.

Last updated: 12 February 2016

Results

12 February 2016

Series Offered 5.25% 15 March 2019
Series ID TB122
ISIN AU300TB01224
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 1.7245
Coverage Ratio 2.9667
Lowest Yield Accepted (%) 1.7200
Highest Yield Accepted (%) 1.7275
Total Amount of All Bids Received ($million) 1,780
Total Number of Bids 32
Total Number of Successful Bids 12
Number of Bids Allocated in Full 6
Best Bid (%) 1.7200
Worst Bid (%) 1.7500
Weighted Average Bid (%) 1.7314
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 57.1

*Individual allotments may vary due to rounding.

Last updated: 12 February 2016