Tender 913

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 28 September 2016. Details of the tender are set out below.

Series Offered 2.25% 21 May 2028
Series Number TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 1,000
First Coupon Payment Due* 21 November 2016
First Coupon Payment Amount (per $100 face value) 1.125

*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, 28 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, 30 September 2016.

Last updated: 28 September 2016

Results

28 September 2016

Series Offered 2.25% 21 May 2028
Series ID TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 2.0815
Coverage Ratio 1.8450
Lowest Yield Accepted (%) 2.0775
Highest Yield Accepted (%) 2.0850
Total Amount of All Bids Received ($million) 1,845
Total Number of Bids 34
Total Number of Successful Bids 21
Number of Bids Allocated in Full 14
Best Bid (%) 2.0775
Worst Bid (%) 2.0950
Weighted Average Bid (%) 2.0849
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 54.9

*Individual allotments may vary due to rounding.

Last updated: 28 September 2016