Tender 867

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 29 April 2016. Details of the tender are set out below.

Series Offered 5.75% 15 May 2021
Series Number TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 1,000
First Coupon Payment Due* 15 May 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 Standard Time on Friday, 29 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, 3 May 2016.

Last updated: 29 April 2016

Results

29 April 2016

Series Offered 5.75% 15 May 2021
Series ID TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 2.0575
Coverage Ratio 3.7550
Lowest Yield Accepted (%) 2.0525
Highest Yield Accepted (%) 2.0625
Total Amount of All Bids Received ($million) 3,755
Total Number of Bids 46
Total Number of Successful Bids 10
Number of Bids Allocated in Full 2
Best Bid (%) 2.0525
Worst Bid (%) 2.1000
Weighted Average Bid (%) 2.0690
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 66.7

*Individual allotments may vary due to rounding.

Last updated: 29 April 2016