Tender 866

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 22 April 2016. Details of the tender are set out below.

Series Offered 1.75% 21 November 2020
Series Number TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 800
First Coupon Payment Due* 21 May 2016
First Coupon Payment Amount (per $100 face value) $0.875

*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 Standard Time on Friday, 22 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 Wednesday, 27 April 2016.

Last updated: 22 April 2016

Results

22 April 2016

Series Offered 1.75% 21 November 2020
Series ID TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.1570
Coverage Ratio 5.1438
Lowest Yield Accepted (%) 2.1550
Highest Yield Accepted (%) 2.1600
Total Amount of All Bids Received ($million) 4,115
Total Number of Bids 44
Total Number of Successful Bids 14
Number of Bids Allocated in Full 8
Best Bid (%) 2.1550
Worst Bid (%) 2.1875
Weighted Average Bid (%)  2.1649
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 16.4

*Individual allotments may vary due to rounding.

Last updated: 22 April 2016