Tender 724

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 26 September 2014. Details of the tender are set out below.

Series Offered 2.75% 21 October 2019
Series Number TB143
ISIN AU3TB0000184
Offered to Public ($million) 1,500
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 1,500
First Coupon Payment Due* 21 October 2014
First Coupon Payment Amount (per $100 face value) $1.375

*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, 26 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. 724 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 26 September 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 724 must be settled in the Austraclear System on Wednesday, 1 October 2014.

Last updated: 26 September 2014

Results

26 September 2014

Series Offered 2.75% 21 October 2019
Series ID TB143
ISIN AU3TB0000184
Offered to Public ($million) 1,500
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 1,500
Amount Allotted to Public ($million) 1,500
Weighted Average Issue Yield (%) 3.0542
Coverage Ratio 2.903
Lowest Yield Accepted (%) 3.050
Highest Yield Accepted (%) 3.060
Total Amount of All Bids Received ($million) 4,355
Total Number of Bids 36
Total Number of Successful Bids 19
Number of Bids Allocated in Full 12
Best Bid (%) 3.050
Worst Bid (%) 3.080
Weighted Average Bid (%) 3.0609
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 7

*Individual allotments may vary due to rounding.

Last updated: 26 September 2014