Tender 890

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 15 July 2016. Details of the tender are set out below.

Series Offered 5.75% 15 May 2021
Series Number TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 600
First Coupon Payment Due* 15 November 2016
First Coupon Payment Amount (per $100 face value) $2.875

*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 Friday, 15 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 Tuesday, 19 July 2016.

Last updated: 15 July 2016

Results

15 July 2016

Series Offered 5.75% 15 May 2021
Series ID TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 1.6555
Coverage Ratio 4.1667
Lowest Yield Accepted (%) 1.6500
Highest Yield Accepted (%) 1.6575
Total Amount of All Bids Received ($million) 2,500
Total Number of Bids 33
Total Number of Successful Bids 13
Number of Bids Allocated in Full 6
Best Bid (%) 1.6500
Worst Bid (%) 1.6750
Weighted Average Bid (%) 1.6608
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 31.4

*Individual allotments may vary due to rounding.

Last updated: 15 July 2016