Tender 720

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 12 September 2014. Details of the tender are set out below.

Series Offered 5.50% 21 January 2018
Series Number TB132
ISIN AU3TB0000093
Offered to Public ($million) 600
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 600
First Coupon Payment Due* 21 January 2015
First Coupon Payment Amount (per $100 face value) $2.750

*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, 12 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. 720 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 12 September 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 720 must be settled in the Austraclear System on Wednesday, 17 September 2014.

Last updated: 12 September 2014

Results

12 September 2014

Series Offered 5.50% 21 January 2018
Series ID TB132
ISIN AU3TB0000093
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 (%) 2.9094
Coverage Ratio 4.808
Lowest Yield Accepted (%) 2.905
Highest Yield Accepted (%) 2.910
Total Amount of All Bids Received ($million) 2,885
Total Number of Bids 29
Total Number of Successful Bids 6
Number of Bids Allocated in Full 2
Best Bid (%) 2.905
Worst Bid (%) 2.930
Weighted Average Bid (%)  2.9178
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 80.8

*Individual allotments may vary due to rounding.

Last updated: 12 September 2014