Tender 760

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 11 March 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 Wednesday, 11 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 Monday, 16 March 2015.

Last updated: 11 March 2015

Results

11 March 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 (%) 2.5889
Coverage Ratio 3.573
Lowest Yield Accepted (%) 2.585
Highest Yield Accepted (%) 2.590
Total Amount of All Bids Received ($million) 2,501
Total Number of Bids 36
Total Number of Successful Bids 16
Number of Bids Allocated in Full 4
Best Bid (%) 2.585
Worst Bid (%) 2.620
Weighted Average Bid (%) 2.5926
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 38.6

*Individual allotments may vary due to rounding.

Last updated: 11 March 2015