Tender 905

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 31 August 2016. Details of the tender are set out below.

Series Offered 4.25% 21 April 2026
Series Number TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 1,000
First Coupon Payment Due* 21 October 2016
First Coupon Payment Amount (per $100 face value) 2.125

*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, 31 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, 2 September 2016.

Last updated: 31 August 2016

Results

31 August 2016

Series Offered 4.25% 21 April 2026
Series ID TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 1.8341
Coverage Ratio 2.0850
Lowest Yield Accepted (%) 1.8300
Highest Yield Accepted (%) 1.8375
Total Amount of All Bids Received ($million) 2,085
Total Number of Bids 40
Total Number of Successful Bids 26
Number of Bids Allocated in Full 18
Best Bid (%) 1.8300
Worst Bid (%) 1.8600
Weighted Average Bid (%) 1.8397
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 28.2

*Individual allotments may vary due to rounding.

Last updated: 31 August 2016