Tender 918

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 21 October 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) 900
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 Daylight Time on Friday, 21 October 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, 25 October 2016.

Last updated: 21 October 2016

Results

21 October 2016

Series Offered 5.75% 15 May 2021
Series ID TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 1.8076
Coverage Ratio 3.5778
Lowest Yield Accepted (%) 1.8025
Highest Yield Accepted (%) 1.8100
Total Amount of All Bids Received ($million) 3,220
Total Number of Bids 37
Total Number of Successful Bids 10
Number of Bids Allocated in Full 6
Best Bid (%) 1.8025
Worst Bid (%) 1.8525
Weighted Average Bid (%) 1.8194
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 89.7

*Individual allotments may vary due to rounding.

Last updated: 21 October 2016