Tender 906

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 2 September 2016. Details of the tender are set out below.

Series Offered 4.50% 15 April 2020
Series Number TB126
ISIN AU3TB0000036
Offered to Public ($million) 900
First Coupon Payment Due* 15 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 Friday, 2 September 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, 6 September 2016.

Last updated: 2 September 2016

Results

2 September 2016

Series Offered 4.50% 15 April 2020
Series ID TB126
ISIN AU3TB0000036
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 1.4359
Coverage Ratio 2.0944
Lowest Yield Accepted (%) 1.4300
Highest Yield Accepted (%) 1.4400
Total Amount of All Bids Received ($million) 1,885
Total Number of Bids 32
Total Number of Successful Bids 20
Number of Bids Allocated in Full 14
Best Bid (%) 1.4300
Worst Bid (%) 1.4600
Weighted Average Bid (%) 1.4411
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 7.1

*Individual allotments may vary due to rounding.

Last updated: 2 September 2016