Tender 876

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 3 June 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) 900
First Coupon Payment Due* 21 November 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, 3 June 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, 7 June 2016.

Last updated: 3 June 2016

Results

3 June 2016

Series Offered 1.75% 21 November 2020
Series ID TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 1.7139
Coverage Ratio 3.3000
Lowest Yield Accepted (%) 1.7125
Highest Yield Accepted (%) 1.7150
Total Amount of All Bids Received ($million) 2,970
Total Number of Bids 39
Total Number of Successful Bids 11
Number of Bids Allocated in Full 4
Best Bid (%) 1.7125
Worst Bid (%) 1.7425
Weighted Average Bid (%) 1.7210
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 87

*Individual allotments may vary due to rounding.

Last updated: 3 June 2016