Tender 715

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 27 August 2014. Details of the tender are set out below.

Series Offered 3.25% 21 April 2029
Series Number TB138
ISIN AU3TB0000150
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 Wednesday, 27 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. 715 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 27 August 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 715 must be settled in the Austraclear System on Monday, 1 September 2014.

Last updated: 27 August 2014

Results

27 August 2014

Series Offered 3.25% 21 April 2029
Series ID TB138
ISIN AU3TB0000150
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 (%) 3.7184
Coverage Ratio 3.458
Lowest Yield Accepted (%) 3.715
Highest Yield Accepted (%) 3.720
Total Amount of All Bids Received ($million) 2,075
Total Number of Bids 36
Total Number of Successful Bids 17
Number of Bids Allocated in Full 4
Best Bid (%) 3.715
Worst Bid (%) 3.740
Weighted Average Bid (%)  3.7221
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 37.3

*Individual allotments may vary due to rounding.

Last updated: 27 August 2014