Tender 722

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 19 September 2014. Details of the tender are set out below.

Series Offered 3.25% 21 October 2018
Series Number TB141
ISIN AU3TB0000176
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, 19 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. 722 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 19 September 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 722 must be settled in the Austraclear System on Wednesday, 24 September 2014.

Last updated: 19 September 2014

Results

19 September 2014

Series Offered 3.25% 21 October 2018
Series ID TB141
ISIN AU3TB0000176
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 (%) 3.0681
Coverage Ratio 4.008
Lowest Yield Accepted (%) 3.065
Highest Yield Accepted (%) 3.070
Total Amount of All Bids Received ($million) 2,405
Total Number of Bids 26
Total Number of Successful Bids 9
Number of Bids Allocated in Full 3
Best Bid (%) 3.065
Worst Bid (%) 3.090
Weighted Average Bid (%)  3.0750
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 37.1

*Individual allotments may vary due to rounding.

Last updated: 19 September 2014