Tender 23/14

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Notes on Thursday, 4 December 2014. Details of the tender are set out below.

Maturity date Friday, 27 February 2015 Friday, 24 April 2015
Series ID T27025 T24045
ISIN AU2CLT270258 AU2CLT240459
Offered to Public ($million) 500 500

Lodgement of Bids

Bids may be lodged by Registered Bidders through the AOFM Tender System, which is accessed via the Yieldbroker DEBTS System, between 10.15 am and 10.30 am Australian Eastern Daylight Time on Thursday, 4 December 2014.

All bids must comply with the Information Memorandum for Treasury Notes [PDF 117KB] dated 4 February 2014.

Announcement of Results

The results of Tender No. 23/14 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Thursday, 4 December 2014.

Settlement Arrangements

Successful bids for Treasury Notes offered in Tender No. 23/14 must be settled in the Austraclear System on Friday, 5 December 2014.

Last updated: 5 December 2014

Results

5 December 2014

Maturity 27 February 2015 24 April 2015
Series Number T27025 T24045
ISIN AU2CLT270258 AU2CLT240459
Offered to Public ($million) 500 500
Amount Allotted to Public ($million) 500 500
Weighted Average Issue Yield (%) 2.4640 2.4400
Coverage Ratio 4.050 5.670
Lowest Yield Accepted (%) 2.44 2.44
Highest Yield Accepted (%) 2.48 2.44
Total Amount of All Bids Received ($million) 2,025 2,835
Total Number of Bids 21 28
Total Number of Successful Bids 7 1
Number of Bids Allocated in Full 4 1
Best Bid (%) 2.44 2.44
Worst Bid (%) 2.53 2.54
Weighted Average Bid (%) 2.4868 2.4772
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 25 100

*Individual allotments may vary due to rounding.

Last updated: 5 December 2014