Tender 907

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 7 September 2016. Details of the tender are set out below.

Series Offered 4.75% 21 April 2027
Series Number TB136
ISIN AU3TB0000135
Offered to Public ($million) 1,000
First Coupon Payment Due* 21 October 2016
First Coupon Payment Amount (per $100 face value) 2.375

*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, 7 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 Friday, 9 September 2016.

Last updated: 7 September 2016

Results

7 September 2016

Series Offered 4.75% 21 April 2027
Series ID TB136
ISIN AU3TB0000135
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 1.8920
Coverage Ratio 1.5900
Lowest Yield Accepted (%) 1.8875
Highest Yield Accepted (%) 1.8950
Total Amount of All Bids Received ($million) 1,590
Total Number of Bids 34
Total Number of Successful Bids 22
Number of Bids Allocated in Full 14
Best Bid (%) 1.8875
Worst Bid (%) 1.9175
Weighted Average Bid (%) 1.8962
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 74.6

*Individual allotments may vary due to rounding.

Last updated: 7 September 2016