Tender 734

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 7 November 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) 600
First Coupon Payment Due* 21 April 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, 7 November 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. 734 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 7 November 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 734 must be settled in the Austraclear System on Wednesday, 12 November 2014.

Last updated: 7 November 2014

Results

7 November 2014

Series Offered 4.25% 21 April 2026
Series ID TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 3.4418
Coverage Ratio 3.667
Lowest Yield Accepted (%) 3.440
Highest Yield Accepted (%) 3.445
Total Amount of All Bids Received ($million) 2,200
Total Number of Bids 30
Total Number of Successful Bids 15
Number of Bids Allocated in Full 6
Best Bid (%) 3.440
Worst Bid (%) 3.460
Weighted Average Bid (%) 3.4482
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 29.2

*Individual allotments may vary due to rounding.

Last updated: 7 November 2014