Tender 912

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 23 September 2016. Details of the tender are set out below.

Series Offered 5.75% 15 May 2021
Series Number TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 1,000
First Coupon Payment Due* 15 November 2016
First Coupon Payment Amount (per $100 face value) 2.875

*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, 23 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, 27 September 2016.

Last updated: 23 September 2016

Results

23 September 2016

Series Offered 5.75% 15 May 2021
Series ID TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 1.7183
Coverage Ratio 3.7070
Lowest Yield Accepted (%) 1.7125
Highest Yield Accepted (%) 1.7200
Total Amount of All Bids Received ($million) 3,707
Total Number of Bids 49
Total Number of Successful Bids 16
Number of Bids Allocated in Full 9
Best Bid (%) 1.7125
Worst Bid (%) 1.7750
Weighted Average Bid (%) 1.7308
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 78.9

*Individual allotments may vary due to rounding.

Last updated: 23 September 2016