Tender 888

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 11 July 2016. Details of the tender are set out below.

Series Offered 3.75% 21 April 2037
Series Number TB144
ISIN AU3TB0000192
Offered to Public ($million) 500
First Coupon Payment Due* 21 October 2016
First Coupon Payment Amount (per $100 face value) $1.875

*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 Monday, 11 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, 13 July 2016.

Last updated: 11 July 2016

Results

11 July 2016

Series Offered 3.75% 21 April 2037
Series ID TB144
ISIN AU3TB0000192
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.4196
Coverage Ratio 2.2900
Lowest Yield Accepted (%) 2.4150
Highest Yield Accepted (%) 2.4225
Total Amount of All Bids Received ($million) 1,145
Total Number of Bids 46
Total Number of Successful Bids 19
Number of Bids Allocated in Full 12
Best Bid (%) 2.4150
Worst Bid (%) 2.4625
Weighted Average Bid (%) 2.4268
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 85.7

*Individual allotments may vary due to rounding.

Last updated: 11 July 2016