Tender 875

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Tuesday, 31 May 2016. Details of the tender are set out below.

Series Offered 4.75% 21 April 2027
Series Number TB136
ISIN AU3TB0000135
Offered to Public ($million) 1,000
First Coupon Payment Due* 21 October 2016
First Coupon Payment Amount (per $100 face value) $2.375

*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 2.45 pm and 3.00 pm Australian Eastern Standard Time on Tuesday, 31 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 Thursday, 2 June 2016.

Last updated: 1 June 2016

Results

31 May 2016

Series Offered 4.75% 21 April 2027
Series ID TB136
ISIN AU3TB0000135
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 2.3506
Coverage Ratio 2.0500
Lowest Yield Accepted (%) 2.3475
Highest Yield Accepted (%) 2.3525
Total Amount of All Bids Received ($million) 2,050
Total Number of Bids 32
Total Number of Successful Bids 15
Number of Bids Allocated in Full 8
Best Bid (%) 2.3475
Worst Bid (%) 2.3900
Weighted Average Bid (%) 2.3553
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 60

*Individual allotments may vary due to rounding.

Last updated: 1 June 2016