Tender 874

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 27 May 2016. Details of the tender are set out below.

Series Offered 2.75% 21 October 2019
Series Number TB143
ISIN AU3TB0000184
Offered to Public ($million) 1,000
First Coupon Payment Due* 21 October 2016
First Coupon Payment Amount (per $100 face value) $1.375

*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, 27 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, 31 May 2016.

Last updated: 27 May 2016

Results

27 May 2016

Series Offered 2.75% 21 October 2019
Series ID TB143
ISIN AU3TB0000184
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 1.6207
Coverage Ratio 3.0100
Lowest Yield Accepted (%) 1.6175
Highest Yield Accepted (%) 1.6225
Total Amount of All Bids Received ($million) 3,010
Total Number of Bids 35
Total Number of Successful Bids 13
Number of Bids Allocated in Full 4
Best Bid (%) 1.6175
Worst Bid (%) 1.6600
Weighted Average Bid (%) 1.6260
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 33.7

*Individual allotments may vary due to rounding.

Last updated: 27 May 2016