Tender 897

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 5 August 2016. Details of the tender are set out below.

Series Offered 5.75% 15 July 2022
Series Number TB128
ISIN AU3TB0000051
Offered to Public ($million) 1,000
First Coupon Payment Due* 15 January 2017
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, 5 August 2016.

All bids must comply with the Information Memorandum for Treasury Bonds [PDF 792KB | RTF 1.215MB] dated 27 July 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, 9 August 2016.

Last updated: 5 August 2016

Results

5 August 2016

Series Offered 5.75% 15 July 2022
Series ID TB128
ISIN AU3TB0000051
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 1.6368
Coverage Ratio 2.3700
Lowest Yield Accepted (%) 1.6325
Highest Yield Accepted (%) 1.6400
Total Amount of All Bids Received ($million) 2,370
Total Number of Bids 33
Total Number of Successful Bids 20
Number of Bids Allocated in Full 10
Best Bid (%) 1.6325
Worst Bid (%) 1.6625
Weighted Average Bid (%) 1.6415
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 16.7

*Individual allotments may vary due to rounding.

Last updated: 5 August 2016