Tender 764

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 1 April 2015. Details of the tender are set out below.

Series Offered 2.75% 21 April 2024
Series Number TB137
ISIN AU3TB0000143
Offered to Public ($million) 700
First Coupon Payment Due* 21 April 2015
First Coupon Payment Amount (per $100 face value) $1.375

*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, 1 April 2015.

All bids must comply with the Information Memorandum for Treasury Bonds [PDF 146KB | RTF 1MB] dated 27 March 2015.

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, 8 April 2015.

Last updated: 1 April 2015

Results

1 April 2015

Series Offered 2.75% 21 April 2024
Series ID TB137
ISIN AU3TB0000143
Offered to Public ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 2.2677
Coverage Ratio 3.014
Lowest Yield Accepted (%) 2.265
Highest Yield Accepted (%) 2.270
Total Amount of All Bids Received ($million) 2,110
Total Number of Bids 36
Total Number of Successful Bids 14
Number of Bids Allocated in Full 5
Best Bid (%) 2.265
Worst Bid (%) 2.310
Weighted Average Bid (%) 2.2733
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 47.2

*Individual allotments may vary due to rounding.

Last updated: 1 April 2015