Tender 868

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 2 May 2016. Details of the tender are set out below.

Series Offered 4.50% 21 April 2033
Series Number TB140
ISIN AU000XCLWAG2
Offered to Public ($million) 300
First Coupon Payment Due* 21 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 Monday, 2 May 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, 4 May 2016.

Last updated: 2 May 2016

Results

2 May 2016

Series Offered 4.50% 21 April 2033
Series ID TB140
ISIN AU000XCLWAG2
Offered to Public ($million) 300
Amount Allotted to Public ($million) 300
Weighted Average Issue Yield (%) 2.9324
Coverage Ratio 2.4500
Lowest Yield Accepted (%) 2.9250
Highest Yield Accepted (%) 2.9375
Total Amount of All Bids Received ($million) 735
Total Number of Bids 40
Total Number of Successful Bids 17
Number of Bids Allocated in Full 14
Best Bid (%) 2.9250
Worst Bid (%) 2.9725
Weighted Average Bid (%) 2.9432
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 40

*Individual allotments may vary due to rounding.

Last updated: 2 May 2016