Tender 911

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 21 September 2016. Details of the tender are set out below.

Series Offered 2.75% 21 November 2027
Series Number TB148
ISIN AU000XCLWAQ1
Offered to Public ($million) 900
First Coupon Payment Due* 21 November 2016
First Coupon Payment Amount (per $100 face value) 1.375

*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, 21 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, 23 September 2016.

Last updated: 21 September 2016

Results

21 September 2016

Series Offered 2.75% 21 November 2027
Series ID TB148
ISIN AU000XCLWAQ1
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 2.1936
Coverage Ratio 3.1056
Lowest Yield Accepted (%) 2.1900
Highest Yield Accepted (%) 2.1975
Total Amount of All Bids Received ($million) 2,795
Total Number of Bids 47
Total Number of Successful Bids 19
Number of Bids Allocated in Full 14
Best Bid (%) 2.1900
Worst Bid (%) 2.2725
Weighted Average Bid (%) 2.2104
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 13.4

*Individual allotments may vary due to rounding.

Last updated: 21 September 2016