Tender 920

Announcement

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

Series Offered 4.75% 21 April 2027
Series Number TB136
ISIN AU3TB0000135
Offered to Public ($million) 900
First Coupon Payment Due* 21 April 2017
First Coupon Payment Amount (per $100 face value) 2.375

*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 Daylight Time on Friday, 28 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, 1 November 2016.

Last updated: 28 October 2016

Results

28 October 2016

Series Offered 4.75% 21 April 2027
Series ID TB136
ISIN AU3TB0000135
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 2.3742
Coverage Ratio 2.6611
Lowest Yield Accepted (%) 2.3700
Highest Yield Accepted (%) 2.3775
Total Amount of All Bids Received ($million) 2,395
Total Number of Bids 41
Total Number of Successful Bids 20
Number of Bids Allocated in Full 13
Best Bid (%) 2.3700
Worst Bid (%) 2.4425
Weighted Average Bid (%) 2.3863
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 34.4

*Individual allotments may vary due to rounding.

Last updated: 28 October 2016