Tender 910

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 19 September 2016. Details of the tender are set out below.

Series Offered 3.25% 21 April 2029
Series Number TB138
ISIN AU3TB0000150
Offered to Public ($million) 400
First Coupon Payment Due* 21 October 2016
First Coupon Payment Amount (per $100 face value) 1.625

*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 Monday, 19 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 Wednesday, 21 September 2016.

Last updated: 19 September 2016

Results

19 September 2016

Series Offered 3.25% 21 April 2029
Series ID TB138
ISIN AU3TB0000150
Offered to Public ($million) 400
Amount Allotted to Public ($million) 400
Weighted Average Issue Yield (%) 2.3558
Coverage Ratio 3.8875
Lowest Yield Accepted (%) 2.3550
Highest Yield Accepted (%) 2.3600
Total Amount of All Bids Received ($million) 1,555
Total Number of Bids 32
Total Number of Successful Bids 10
Number of Bids Allocated in Full 5
Best Bid (%) 2.3550
Worst Bid (%) 2.4300
Weighted Average Bid (%) 2.3745
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 8.2

*Individual allotments may vary due to rounding.

Last updated: 19 September 2016