Tender 879

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 10 June 2016. Details of the tender are set out below.

Series Offered 3.25% 21 April 2029
Series Number TB138
ISIN AU3TB0000150
Offered to Public ($million) 500
First Coupon Payment Due* 21 October 2016
First Coupon Payment Amount (per $100 face value) $1.625

*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, 10 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 Wednesday, 15 June 2016.

Last updated: 10 June 2016

Results

10 June 2016

Series Offered 3.25% 21 April 2029
Series ID TB138
ISIN AU3TB0000150
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.3317
Coverage Ratio 3.0600
Lowest Yield Accepted (%) 2.3275
Highest Yield Accepted (%) 2.3350
Total Amount of All Bids Received ($million) 1,530
Total Number of Bids 36
Total Number of Successful Bids 20
Number of Bids Allocated in Full 13
Best Bid (%) 2.3275
Worst Bid (%) 2.3575
Weighted Average Bid (%) 2.3383
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 15.4

*Individual allotments may vary due to rounding.

Last updated: 10 June 2016