Tender 935

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 16 December 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) 600
First Coupon Payment Due* 15 May 2017
First Coupon Payment Amount (per $100 face value) $2.875

*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 Friday, 16 December 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 Tuesday, 20 December 2016.

Last updated: 16 December 2016

Results

16 December 2016

Series Offered 5.75% 15 May 2021
Series ID TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 2.1935
Coverage Ratio 4.1250
Lowest Yield Accepted (%) 2.1900
Highest Yield Accepted (%) 2.1975
Volume of Bids Received ($million) 2,475
Number of Bids 41
Number of Successful Bids 19
Number of Bids Allocated in Full 13
Best Bid (%) 2.1900
Worst Bid (%) 2.2300
Weighted Average Bid (%) 2.2066
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 28.3

*Individual allotments may vary due to rounding.

Last updated: 16 December 2016