Tender 901

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 17 August 2016. Details of the tender are set out below.

Series Offered 2.75% 21 April 2024
Series Number TB137
ISIN AU3TB0000143
Offered to Public ($million) 800
First Coupon Payment Due* 21 October 2016
First Coupon Payment Amount (per $100 face value) 1.375

*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, 17 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 Friday, 19, August, 2016

Last updated: 17 August 2016

Results

17 August 2016

Series Offered 2.75% 21 April 2024
Series ID TB137
ISIN AU3TB0000143
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 1.8098
Coverage Ratio 2.3438
Lowest Yield Accepted (%) 1.8050
Highest Yield Accepted (%) 1.8125
Total Amount of All Bids Received ($million) 1,875
Total Number of Bids 38
Total Number of Successful Bids 21
Number of Bids Allocated in Full 14
Best Bid (%) 1.8050
Worst Bid (%) 1.8325
Weighted Average Bid (%) 1.8154
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 52

*Individual allotments may vary due to rounding.

Last updated: 17 August 2016