Tender 728

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 10 October 2014. Details of the tender are set out below.

Series Offered 3.25% 21 October 2018
Series Number TB141
ISIN AU3TB0000176
Offered to Public ($million) 500
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 500
First Coupon Payment Due* 21 April 2015
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 Daylight Time on Friday, 10 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. 728 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 10 October 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 728 must be settled in the Austraclear System on Wednesday, 15 October 2014.

Last updated: 10 October 2014

Results

10 October 2014

Series Offered 3.25% 21 October 2018
Series ID TB141
ISIN AU3TB0000176
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 (%) 2.7472
Coverage Ratio 5.650
Lowest Yield Accepted (%) 2.745
Highest Yield Accepted (%) 2.750
Total Amount of All Bids Received ($million) 2,825
Total Number of Bids 31
Total Number of Successful Bids 8
Number of Bids Allocated in Full 2
Best Bid (%) 2.745
Worst Bid (%) 2.770
Weighted Average Bid (%)  2.7556
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 37.2

*Individual allotments may vary due to rounding.

Last updated: 10 October 2014