Tender 864

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 15 April 2016. Details of the tender are set out below.

Series Offered 4.50% 15 April 2020
Series Number TB126
ISIN AU3TB0000036
Offered to Public ($million) 800
First Coupon Payment Due* 15 October 2016
First Coupon Payment Amount (per $100 face value) $2.25

*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 Standard Time on Friday, 15 April 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, 19 April 2016.

Last updated: 15 April 2016

Results

15 April 2016

Series Offered 4.50% 15 April 2020
Series ID TB126
ISIN AU3TB0000036
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.0112
Coverage Ratio 3.1750
Lowest Yield Accepted (%) 2.0075
Highest Yield Accepted (%) 2.0125
Total Amount of All Bids Received ($million) 2,540
Total Number of Bids 33
Total Number of Successful Bids 12
Number of Bids Allocated in Full 5
Best Bid (%) 2.0075
Worst Bid (%) 2.0350
Weighted Average Bid (%) 2.0166
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 84.5

*Individual allotments may vary due to rounding.

Last updated: 15 April 2016