Tender 745

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 14 January 2015. Details of the tender are set out below.

Series Offered 3.25% 21 April 2029
Series Number TB138
ISIN AU3TB0000150
Offered to Public ($million) 700
First Coupon Payment Due* 21 April 2015
First Coupon Payment Amount (per $100 face value) $1.625

*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 Wednesday, 14 January 2015.

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 745 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 14 January 2015.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender 745 must be settled in the Austraclear System on Monday, 19 January 2015.

Last updated: 14 January 2015

Results

14 January 2015

Series Offered 3.25% 21 April 2029
Series ID TB138
ISIN AU3TB0000150
Offered to Public ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 2.8567
Coverage Ratio 2.421
Lowest Yield Accepted (%) 2.850
Highest Yield Accepted (%) 2.860
Total Amount of All Bids Received ($million) 1,695
Total Number of Bids 33
Total Number of Successful Bids 13
Number of Bids Allocated in Full 5
Best Bid (%) 2.850
Worst Bid (%) 2.890
Weighted Average Bid (%) 2.8633
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 78.2

*Individual allotments may vary due to rounding.

Last updated: 14 January 2015