Tender 748

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 23 January 2015. Details of the tender are set out below.

Series Offered 3.25% 21 April 2025
Series Number TB139
ISIN AU3TB0000168
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 Friday, 23 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 the tender are expected to be announced as soon as practicable after the closing time for the lodgement of bids.

Settlement Arrangements

Successful bids for Treasury Bonds offered in the tender must be settled in the Austraclear System on Thursday, 29 January 2015.

Last updated: 23 January 2015

Results

23 January 2015

Series Offered 3.25% 21 April 2025
Series ID TB139
ISIN AU3TB0000168
Offered to Public ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 2.6134
Coverage Ratio 3.100
Lowest Yield Accepted (%) 2.610
Highest Yield Accepted (%) 2.615
Total Amount of All Bids Received ($million) 2,170
Total Number of Bids 37
Total Number of Successful Bids 13
Number of Bids Allocated in Full 2
Best Bid (%) 2.610
Worst Bid (%) 2.640
Weighted Average Bid (%) 2.6193
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 62.5

*Individual allotments may vary due to rounding.

Last updated: 23 January 2015