Tender 714

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 22 August 2014. Details of the tender are set out below.

Series Offered 4.25% 21 July 2017
Series Number TB135
ISIN AU3TB0000127
Offered to Public ($million) 500
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 500
First Coupon Payment Due* 21 January 2015
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 Friday, 22 August 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. 714 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 22 August 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 714 must be settled in the Austraclear System on Wednesday, 27 August 2014.

Last updated: 22 August 2014

Results

22 August 2014

Series Offered 4.25% 21 July 2017
Series ID TB135
ISIN AU3TB0000127
Offered to Public ($million) 500
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.6903
Coverage Ratio 7.010
Lowest Yield Accepted (%) 2.685
Highest Yield Accepted (%) 2.695
Total Amount of All Bids Received ($million) 3,505
Total Number of Bids 35
Total Number of Successful Bids 11
Number of Bids Allocated in Full 5
Best Bid (%) 2.685
Worst Bid (%) 2.725
Weighted Average Bid (%) 2.7008
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 3.6

*Individual allotments may vary due to rounding.

Last updated: 22 August 2014