Tender 904

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 26 August 2016. Details of the tender are set out below.

Series Offered 1.75% 21 November 2020
Series Number TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 900
First Coupon Payment Due* 21 November 2016
First Coupon Payment Amount (per $100 face value) 0.875

*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, 26 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, 30, August, 2016

Last updated: 26 August 2016

Results

26 August 2016

Series Offered 1.75% 21 November 2020
Series ID TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 1.4879
Coverage Ratio 2.5333
Lowest Yield Accepted (%) 1.4850
Highest Yield Accepted (%) 1.4925
Total Amount of All Bids Received ($million) 2,280
Total Number of Bids 32
Total Number of Successful Bids 14
Number of Bids Allocated in Full 8
Best Bid (%) 1.4850
Worst Bid (%) 1.5175
Weighted Average Bid (%) 1.4948
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 17.7

*Individual allotments may vary due to rounding.

Last updated: 26 August 2016