Tender 923

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 9 November 2016. Details of the tender are set out below.

Series Offered 4.50% 15 April 2020
Series Number TB126
ISIN AU3TB0000036
Offered to Public ($million) 800
First Coupon Payment Due* 15 April 2017
First Coupon Payment Amount (per $100 face value) 2.25

*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 Wednesday, 9 November 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, 11 November 2016.

Last updated: 9 November 2016

Results

9 November 2016

Series Offered 4.50% 15 April 2020
Series ID TB126
ISIN AU3TB0000036
Offered to Public ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 1.7503
Coverage Ratio 3.4100
Lowest Yield Accepted (%) 1.7425
Highest Yield Accepted (%) 1.7525
Total Amount of All Bids Received ($million) 2,728
Total Number of Bids 38
Total Number of Successful Bids 16
Number of Bids Allocated in Full 8
Best Bid (%) 1.7425
Worst Bid (%) 1.8300
Weighted Average Bid (%)  1.7588
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 67.8

*Individual allotments may vary due to rounding.

Last updated: 9 November 2016