Tender 706

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 25 July 2014. Details of the tender are set out below.

Series Offered 3.25% 21 April 2025
Series Number TB139
ISIN AU3TB0000168
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) $1.625

*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 Friday, 25 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. 706 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 25 July 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 706 must be settled in the Austraclear System on Wednesday, 30 July 2014.

Last updated: 25 July 2014

Results

25 July 2014

Series Offered 3.25% 21 April 2025
Series ID TB139
ISIN AU3TB0000168
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 (%) 3.5280
Coverage Ratio 2.862
Lowest Yield Accepted (%) 3.520
Highest Yield Accepted (%) 3.530
Total Amount of All Bids Received ($million) 1,717
Total Number of Bids 33
Total Number of Successful Bids 17
Number of Bids Allocated in Full 7
Best Bid (%) 3.520
Worst Bid (%) 3.545
Weighted Average Bid (%) 3.5324
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 48.1

*Individual allotments may vary due to rounding.

Last updated: 25 July 2014