Tender 857

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 21 March 2016. Details of the tender are set out below.

Series Offered 2.75% 21 June 2035
Series Number TB145
ISIN AU000XCLWAM0
Offered to Public ($million) 500
First Coupon Payment Due* 21 June 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 Monday, 21 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 Wednesday, 23 March 2016.

Last updated: 24 March 2016

Results

21 March 2016

Series Offered 2.75% 21 June 2035
Series ID TB145
ISIN AU000XCLWAM0
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 3.1425
Coverage Ratio 2.8900
Lowest Yield Accepted (%) 3.1400
Highest Yield Accepted (%) 3.1450
Total Amount of All Bids Received ($million) 1,445
Total Number of Bids 40
Total Number of Successful Bids 12
Number of Bids Allocated in Full 9
Best Bid (%) 3.1400
Worst Bid (%) 3.1725
Weighted Average Bid (%) 3.1513
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 96

*Individual allotments may vary due to rounding.

Last updated: 24 March 2016