Tender 729

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 17 October 2014. Details of the tender are set out below.

Series Offered 4.25% 21 July 2017
Series Number TB135
ISIN AU3TB0000127
Offered to Public ($million) 500
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 500
First Coupon Payment Due* 21 January 2015
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 Friday, 17 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. 729 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 17 October 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 729 must be settled in the Austraclear System on Wednesday, 22 October 2014.

Last updated: 17 October 2014

Results

17 October 2014

Series Offered 4.25% 21 July 2017
Series ID TB135
ISIN AU3TB0000127
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 (%) 2.5295
Coverage Ratio 3.940
Lowest Yield Accepted (%) 2.525
Highest Yield Accepted (%) 2.530
Total Amount of All Bids Received ($million) 1,970
Total Number of Bids 24
Total Number of Successful Bids 6
Number of Bids Allocated in Full 1
Best Bid (%) 2.525
Worst Bid (%) 2.555
Weighted Average Bid (%)  2.5381
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 82.6

*Individual allotments may vary due to rounding.

Last updated: 17 October 2014