Tender 881

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 22 June 2016. Details of the tender are set out below.

Series Offered 4.25% 21 April 2026
Series Number TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 900
First Coupon Payment Due* 21 October 2016
First Coupon Payment Amount (per $100 face value) $2.125

*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, 22 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, 24 June 2016.

Last updated: 22 June 2016

Results

22 June 2016

Series Offered 4.25% 21 April 2026
Series ID TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 2.2050
Coverage Ratio 2.4722
Lowest Yield Accepted (%) 2.2025
Highest Yield Accepted (%) 2.2075
Total Amount of All Bids Received ($million) 2,225
Total Number of Bids 38
Total Number of Successful Bids 19
Number of Bids Allocated in Full 11
Best Bid (%) 2.2025
Worst Bid (%) 2.2400
Weighted Average Bid (%) 2.2119
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 33.9

*Individual allotments may vary due to rounding.

Last updated: 22 June 2016