Tender 759

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 6 March 2015. Details of the tender are set out below.

Series Offered 5.75% 15 July 2022
Series Number TB128
ISIN AU3TB0000051
Offered to Public ($million) 700
First Coupon Payment Due* 15 July 2015
First Coupon Payment Amount (per $100 face value) $2.875

*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, 6 March 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, 11 March 2015.

Last updated: 6 March 2015

Results

6 March 2015

Series Offered 5.75% 15 July 2022
Series ID TB128
ISIN AU3TB0000051
Offered to Public ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 2.3850
Coverage Ratio 2.626
Lowest Yield Accepted (%) 2.380
Highest Yield Accepted (%) 2.390
Total Amount of All Bids Received ($million) 1,838
Total Number of Bids 29
Total Number of Successful Bids 13
Number of Bids Allocated in Full 6
Best Bid (%) 2.380
Worst Bid (%) 2.420
Weighted Average Bid (%)  2.3913
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 15.4

*Individual allotments may vary due to rounding.

Last updated: 6 March 2015