Tender 744

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 12 December 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
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, 12 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. 744 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 12 December 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 744 must be settled in the Austraclear System on Wednesday, 17 December 2014.

Last updated: 12 December 2014

Results

12 December 2014

Series Offered 2.75% 21 April 2024
Series ID TB137
ISIN AU3TB0000143
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 2.9180
Coverage Ratio 2.575
Lowest Yield Accepted (%) 2.915
Highest Yield Accepted (%) 2.920
Total Amount of All Bids Received ($million) 1,545
Total Number of Bids 36
Total Number of Successful Bids 14
Number of Bids Allocated in Full 5
Best Bid (%) 2.915
Worst Bid (%) 2.935
Weighted Average Bid (%) 2.9232
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 74.7

*Individual allotments may vary due to rounding.

Last updated: 12 December 2014