Tender 899

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 12 August 2016. Details of the tender are set out below.

Series Offered 5.50% 21 April 2023
Series Number TB133
ISIN AU3TB0000101
Offered to Public ($million) 900
First Coupon Payment Due* 21 October 2016
First Coupon Payment Amount (per $100 face value) 2.75

*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, 12 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, 16, August, 2016

Last updated: 12 August 2016

Results

12 August 2016

Series Offered 5.50% 21 April 2023
Series ID TB133
ISIN AU3TB0000101
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 1.7096
Coverage Ratio 2.3944
Lowest Yield Accepted (%) 1.7050
Highest Yield Accepted (%) 1.7125
Total Amount of All Bids Received ($million) 2,155
Total Number of Bids 37
Total Number of Successful Bids 24
Number of Bids Allocated in Full 16
Best Bid (%) 1.7050
Worst Bid (%) 1.7325
Weighted Average Bid (%) 1.7138
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 18.9

*Individual allotments may vary due to rounding.

Last updated: 12 August 2016