Tender 930

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 30 November 2016. Details of the tender are set out below.

Series Offered 4.25% 21 April 2026
Series Number TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 900
First Coupon Payment Due* 21 April 2017
First Coupon Payment Amount (per $100 face value) 2.125

*Coupons will be paid at half-yearly intervals thereafter.

Lodgment 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, 30 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 lodgment of bids.

Settlement Arrangements

Successful bids for Treasury Bonds offered in the tender must be settled in the Austraclear System on Friday, 2 December 2016.

Last updated: 30 November 2016

Results

30 November 2016

Series Offered 4.25% 21 April 2026
Series ID TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 2.6436
Coverage Ratio 2.3333
Lowest Yield Accepted (%) 2.6400
Highest Yield Accepted (%) 2.6450
Volume of Bids Received ($million) 2,100
Number of Bids 36
Number of Successful Bids 16
Number of Bids Allocated in Full 10
Best Bid (%) 2.6400
Worst Bid (%) 2.6750
Weighted Average Bid (%) 2.6488
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 79.2

*Individual allotments may vary due to rounding.

Last updated: 30 November 2016