Tender 856

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 18 March 2016. Details of the tender are set out below.

Series Offered 5.75% 15 July 2022
Series Number TB128
ISIN AU3TB0000051
Offered to Public ($million) 800
First Coupon Payment Due* 15 July 2016
First Coupon Payment Amount (per $100 face value) $2.875

*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, 18 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 Tuesday, 22 March 2016.

Last updated: 18 March 2016

Results

18 March 2016

Series Offered 5.75% 15 July 2022
Series ID TB128
ISIN AU3TB0000051
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.2988
Coverage Ratio 3.0350
Lowest Yield Accepted (%) 2.2950
Highest Yield Accepted (%) 2.3025
Total Amount of All Bids Received ($million) 2,428
Total Number of Bids 28
Total Number of Successful Bids 12
Number of Bids Allocated in Full 7
Best Bid (%) 2.2950
Worst Bid (%) 2.3250
Weighted Average Bid (%)  2.3051
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 21.5

*Individual allotments may vary due to rounding.

Last updated: 18 March 2016