Tender 730

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 24 October 2014. Details of the tender are set out below.

Series Offered 2.75% 21 April 2024
Series Number TB137
ISIN AU3TB0000143
Offered to Public ($million) 600
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 600
First Coupon Payment Due* 21 April 2015
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 Daylight Time on Friday, 24 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. 730 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 24 October 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 730 must be settled in the Austraclear System on Wednesday, 29 October 2014.

Last updated: 24 October 2014

Results

24 October 2014

Series Offered 2.75% 21 April 2024
Series ID TB137
ISIN AU3TB0000143
Offered to Public ($million) 600
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 3.3028
Coverage Ratio 4.025
Lowest Yield Accepted (%) 3.295
Highest Yield Accepted (%) 3.305
Total Amount of All Bids Received ($million) 2,415
Total Number of Bids 32
Total Number of Successful Bids 13
Number of Bids Allocated in Full 6
Best Bid (%) 3.295
Worst Bid (%) 3.335
Weighted Average Bid (%) 3.3096
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 45

*Individual allotments may vary due to rounding.

Last updated: 24 October 2014