Tender 704

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 16 July 2014. Details of the tender are set out below.

Series Offered 4.25% 21 April 2026
Series Number TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 600
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 600
First Coupon Payment Due* 21 October 2014
First Coupon Payment Amount (per $100 face value) $2.125

*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 Standard Time on Wednesday, 16 July 2014.

All bids must comply with the Information Memorandum for Treasury Bonds [PDF 145KB | RTF 1.3MB] dated 4 February 2014.

Announcement of Results

The results of Tender No. 704 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 16 July 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 704 must be settled in the Austraclear System on Monday, 21 July 2014.

Last updated: 16 July 2014

Results

16 July 2014

Series Offered 4.25% 21 April 2026
Series ID TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 600
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 3.5922
Coverage Ratio 3.392
Lowest Yield Accepted (%) 3.590
Highest Yield Accepted (%) 3.595
Total Amount of All Bids Received ($million) 2,035
Total Number of Bids 32
Total Number of Successful Bids 13
Number of Bids Allocated in Full 5
Best Bid (%) 3.590
Worst Bid (%) 3.640
Weighted Average Bid (%) 3.6012
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 63

*Individual allotments may vary due to rounding.

Last updated: 16 July 2014