Tender 878

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 8 June 2016. Details of the tender are set out below.

Series Offered 5.75% 15 May 2021
Series Number TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 1,100
First Coupon Payment Due* 15 November 2016
First Coupon Payment Amount (per $100 face value) $2.875

*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 Wednesday, 8 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 Friday, 10 June 2016.

Last updated: 8 June 2016

Results

8 June 2016

Series Offered 5.75% 15 May 2021
Series ID TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 1,100
Amount Allotted to Public ($million) 1,100
Weighted Average Issue Yield (%) 1.7529
Coverage Ratio 2.6591
Lowest Yield Accepted (%) 1.7475
Highest Yield Accepted (%) 1.7550
Total Amount of All Bids Received ($million) 2,925
Total Number of Bids 41
Total Number of Successful Bids 19
Number of Bids Allocated in Full 8
Best Bid (%) 1.7475
Worst Bid (%) 1.7925
Weighted Average Bid (%) 1.7591
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 48.2

*Individual allotments may vary due to rounding.

Last updated: 8 June 2016