Tender 726

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 3 October 2014. Details of the tender are set out below.

Series Offered 5.25% 15 March 2019
Series Number TB122
ISIN AU300TB01224
Offered to Public ($million) 500
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 500
First Coupon Payment Due* 15 March 2015
First Coupon Payment Amount (per $100 face value) $2.625

*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, 3 October 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. 726 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 3 October 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 726 must be settled in the Austraclear System on Thursday, 9 October 2014.

Last updated: 3 October 2014

Results

3 October 2014

Series Offered 5.25% 15 March 2019
Series ID TB122
ISIN AU300TB01224
Offered to Public ($million) 500
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.8706
Coverage Ratio 6.020
Lowest Yield Accepted (%) 2.865
Highest Yield Accepted (%) 2.875
Total Amount of All Bids Received ($million) 3,010
Total Number of Bids 32
Total Number of Successful Bids 12
Number of Bids Allocated in Full 5
Best Bid (%) 2.865
Worst Bid (%) 2.900
Weighted Average Bid (%) 2.8797
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 13

*Individual allotments may vary due to rounding.

Last updated: 3 October 2014