Tender 889

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 13 July 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) 800
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 Wednesday, 13 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 Friday, 15 July 2016.

Last updated: 13 July 2016

Results

13 July 2016

Series Offered 3.25% 21 April 2029
Series ID TB138
ISIN AU3TB0000150
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 2.1922
Coverage Ratio 2.9562
Lowest Yield Accepted (%) 2.1900
Highest Yield Accepted (%) 2.1950
Total Amount of All Bids Received ($million) 2,365
Total Number of Bids 36
Total Number of Successful Bids 16
Number of Bids Allocated in Full 9
Best Bid (%) 2.1900
Worst Bid (%) 2.2150
Weighted Average Bid (%) 2.1968
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 3.9

*Individual allotments may vary due to rounding.

Last updated: 13 July 2016