Tender 919

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 24 October 2016. Details of the tender are set out below.

Series Offered 5.75% 15 July 2022
Series Number TB128
ISIN AU3TB0000051
Offered to Public ($million) 300
First Coupon Payment Due* 15 January 2017
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 Monday, 24 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 Wednesday, 26 October 2016.

Last updated: 24 October 2016

Results

24 October 2016

Series Offered 5.75% 15 July 2022
Series ID TB128
ISIN AU3TB0000051
Offered to Public ($million) 300
Amount Allotted to Public ($million) 300
Weighted Average Issue Yield (%) 1.9282
Coverage Ratio 6.5667
Lowest Yield Accepted (%) 1.9250
Highest Yield Accepted (%) 1.9300
Total Amount of All Bids Received ($million) 1,970
Total Number of Bids 31
Total Number of Successful Bids 9
Number of Bids Allocated in Full 4
Best Bid (%) 1.9250
Worst Bid (%) 1.9600
Weighted Average Bid (%) 1.9353
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 20.3

*Individual allotments may vary due to rounding.

Last updated: 24 October 2016