Tender 855

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 16 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, 16 March 2016.

All bids must comply with the Information Memorandum for Treasury Bonds [PDF 665KB | RTF 1.171MB] dated 4 March 2016.

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, 18 March 2016.

Last updated: 16 March 2016

Results

16 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 (%) 2.7876
Coverage Ratio 3.4056
Lowest Yield Accepted (%) 2.7875
Highest Yield Accepted (%) 2.7900
Total Amount of All Bids Received ($million) 3,065
Total Number of Bids 44
Total Number of Successful Bids 5
Number of Bids Allocated in Full 2
Best Bid (%) 2.7875
Worst Bid (%) 2.8225
Weighted Average Bid (%)  2.7959
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 58.8

*Individual allotments may vary due to rounding.

Last updated: 16 March 2016