Tender 753

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 13 February 2015. 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, 13 February 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 Wednesday, 18 February 2015.

Last updated: 13 February 2015

Results

13 February 2015

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 (%) 2.5992
Coverage Ratio 2.892
Lowest Yield Accepted (%) 2.590
Highest Yield Accepted (%) 2.605
Total Amount of All Bids Received ($million) 1,735
Total Number of Bids 31
Total Number of Successful Bids 20
Number of Bids Allocated in Full 12
Best Bid (%) 2.590
Worst Bid (%) 2.620
Weighted Average Bid (%) 2.6060
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 14.8

*Individual allotments may vary due to rounding.

Last updated: 13 February 2015