Tender 900

Announcement

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

Series Offered 4.50% 21 April 2033
Series Number TB140
ISIN AU000XCLWAG2
Offered to Public ($million) 400
First Coupon Payment Due* 21 October 2016
First Coupon Payment Amount (per $100 face value) 2.25

*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, 15 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 Wednesday, 17, August, 2016

Last updated: 15 August 2016

Results

15 August 2016

Series Offered 4.50% 21 April 2033
Series ID TB140
ISIN AU000XCLWAG2
Offered to Public ($million) 400
Amount Allotted to Public ($million) 400
Weighted Average Issue Yield (%) 2.2528
Coverage Ratio 1.8200
Lowest Yield Accepted (%) 2.2475
Highest Yield Accepted (%) 2.2600
Total Amount of All Bids Received ($million) 728
Total Number of Bids 36
Total Number of Successful Bids 20
Number of Bids Allocated in Full 15
Best Bid (%) 2.2475
Worst Bid (%) 2.2900
Weighted Average Bid (%) 2.2586
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 12.3

*Individual allotments may vary due to rounding.

Last updated: 15 August 2016