Tender 719

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 10 September 2014. Details of the tender are set out below.

Series Offered 5.75% 15 May 2021
Series Number TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 600
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 600
First Coupon Payment Due* 15 November 2014
First Coupon Payment Amount (per $100 face value) $2.875

*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, 10 September 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. 719 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 10 September 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 719 must be settled in the Austraclear System on Monday, 15 September 2014.

Last updated: 11 September 2014

Results

10 September 2014

Series Offered 5.75% 15 May 2021
Series ID TB124
ISIN AU0000XCLWM5
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 (%) 3.2650
Coverage Ratio 4.392
Lowest Yield Accepted (%) 3.265
Highest Yield Accepted (%) 3.265
Total Amount of All Bids Received ($million) 2,635
Total Number of Bids 33
Total Number of Successful Bids 7
Number of Bids Allocated in Full 0
Best Bid (%) 3.265
Worst Bid (%) 3.290
Weighted Average Bid (%)  3.2738
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 81.1

*Individual allotments may vary due to rounding.

Last updated: 11 September 2014