Tender 870

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 6 May 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) 700
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, 6 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 Tuesday, 10 May 2016.

Last updated: 6 May 2016

Results

6 May 2016

Series Offered 1.75% 21 November 2020
Series ID TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 1.7989
Coverage Ratio 3.2429
Lowest Yield Accepted (%) 1.7975
Highest Yield Accepted (%) 1.8025
Total Amount of All Bids Received ($million) 2,270
Total Number of Bids 29
Total Number of Successful Bids 13
Number of Bids Allocated in Full 8
Best Bid (%) 1.7975
Worst Bid (%) 1.8300
Weighted Average Bid (%) 1.8063
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 9.2

*Individual allotments may vary due to rounding.

Last updated: 6 May 2016