Tender 727

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 8 October 2014. Details of the tender are set out below.

Series Offered 4.25% 21 April 2026
Series Number TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 700
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 700
First Coupon Payment Due* 21 October 2014
First Coupon Payment Amount (per $100 face value) $2.125

*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 Daylight Time on Wednesday, 8 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. 727 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 8 October 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 727 must be settled in the Austraclear System on Monday, 13 October 2014.

Last updated: 8 October 2014

Results

8 October 2014

Series Offered 4.25% 21 April 2026
Series ID TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 700
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 3.4582
Coverage Ratio 3.829
Lowest Yield Accepted (%) 3.455
Highest Yield Accepted (%) 3.460
Total Amount of All Bids Received ($million) 2,680
Total Number of Bids 32
Total Number of Successful Bids 12
Number of Bids Allocated in Full 4
Best Bid (%) 3.455
Worst Bid (%) 3.480
Weighted Average Bid (%)  3.4651
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 70.1

*Individual allotments may vary due to rounding.

Last updated: 8 October 2014