Tender 885

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 4 July 2016. Details of the tender are set out below.

Series Offered 2.75% 21 June 2035
Series Number TB145
ISIN AU000XCLWAM0
Offered to Public ($million) 400
First Coupon Payment Due* 21 December 2016
First Coupon Payment Amount (per $100 face value) $1.375

*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 10.45 am and 11.00 am Australian Eastern Standard Time on Monday, 4 July 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, 6 July 2016.

Last updated: 4 July 2016

Results

4 July 2016

Series Offered 2.75% 21 June 2035
Series ID TB145
ISIN AU000XCLWAM0
Offered to Public ($million) 400
Amount Allotted to Public ($million) 400
Weighted Average Issue Yield (%) 2.5142
Coverage Ratio 2.3375
Lowest Yield Accepted (%) 2.5050
Highest Yield Accepted (%) 2.5175
Total Amount of All Bids Received ($million) 935
Total Number of Bids 41
Total Number of Successful Bids 19
Number of Bids Allocated in Full 14
Best Bid (%) 2.5050
Worst Bid (%) 2.5450
Weighted Average Bid (%)  2.5230
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 90

*Individual allotments may vary due to rounding.

Last updated: 4 July 2016