Tender 850

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 2 March 2016. Details of the tender are set out below.

Series Offered 2.75% 21 November 2027
Series Number TB148
ISIN AU000XCLWAQ1
Offered to Public ($million) 900
First Coupon Payment Due* 21 May 2016
First Coupon Payment Amount (per $100 face value) $1.375

*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, 2 March 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, 7 March 2016.

Last updated: 2 March 2016

Results

2 March 2016

Series Offered 2.75% 21 November 2027
Series ID TB148
ISIN AU000XCLWAQ1
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 2.5825
Coverage Ratio 2.0400
Lowest Yield Accepted (%) 2.5800
Highest Yield Accepted (%) 2.5850
Total Amount of All Bids Received ($million) 1,836
Total Number of Bids 33
Total Number of Successful Bids 13
Number of Bids Allocated in Full 7
Best Bid (%) 2.5800
Worst Bid (%) 2.6175
Weighted Average Bid (%) 2.5883
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 27.3

*Individual allotments may vary due to rounding.

Last updated: 2 March 2016