Tender 765

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 8 April 2015. Details of the tender are set out below.

Series Offered 3.75% 21 April 2037
Series Number TB144
ISIN AU3TB0000192
Offered to Public ($million) 500
First Coupon Payment Due* 21 April 2015
First Coupon Payment Amount (per $100 face value) $1.875

*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 Standard Time on Wednesday, 8 April 2015.

All bids must comply with the Information Memorandum for Treasury Bonds [PDF 579KB | 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 Monday, 13 April 2015.

Last updated: 8 April 2015

Results

8 April 2015

Series Offered 3.75% 21 April 2037
Series ID TB144
ISIN AU3TB0000192
Offered to Public ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 2.8421
Coverage Ratio 2.690
Lowest Yield Accepted (%) 2.835
Highest Yield Accepted (%) 2.845
Total Amount of All Bids Received ($million) 1,345
Total Number of Bids 35
Total Number of Successful Bids 13
Number of Bids Allocated in Full 6
Best Bid (%) 2.835
Worst Bid (%) 2.885
Weighted Average Bid (%) 2.8485
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 59.5

*Individual allotments may vary due to rounding.

Last updated: 8 April 2015