Tender 762

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 18 March 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) 700
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 Wednesday, 18 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 Friday, 23 March 2015.

Last updated: 18 March 2015

Results

18 March 2015

Series Offered 4.25% 21 April 2026
Series ID TB142
ISIN AU000XCLWAI8
Offered to Public ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 2.5432
Coverage Ratio 3.857
Lowest Yield Accepted (%) 2.540
Highest Yield Accepted (%) 2.545
Total Amount of All Bids Received ($million) 2,700
Total Number of Bids 29
Total Number of Successful Bids 14
Number of Bids Allocated in Full 3
Best Bid (%) 2.540
Worst Bid (%) 2.555
Weighted Average Bid (%) 2.5475
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 34.1

*Individual allotments may vary due to rounding.

Last updated: 18 March 2015