Tender 742

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 5 December 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
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, 5 December 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. 742 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 5 December 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 742 must be settled in the Austraclear System on Wednesday, 10 December 2014.

Last updated: 5 December 2014

Results

5 December 2014

Series Offered 4.25% 21 April 2026
Series ID TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 3.1408
Coverage Ratio 2.157
Lowest Yield Accepted (%) 3.135
Highest Yield Accepted (%) 3.145
Total Amount of All Bids Received ($million) 1,510
Total Number of Bids 27
Total Number of Successful Bids 16
Number of Bids Allocated in Full 8
Best Bid (%) 3.135
Worst Bid (%) 3.160
Weighted Average Bid (%) 3.1459
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 44.1

*Individual allotments may vary due to rounding.

Last updated: 5 December 2014