Tender 766

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 10 April 2015. Details of the tender are set out below.

Series Offered 1.75% 21 November 2020
Series Number TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 2,000
First Coupon Payment Due* 21 May 2015
First Coupon Payment Amount (per $100 face value) $0.875

*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 Friday, 10 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 Wednesday, 15 April 2015.

Last updated: 10 April 2015

Results

10 April 2015

Series Offered 1.75% 21 November 2020
Series ID TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 2,000
Amount Allotted to Public ($million) 2,000
Weighted Average Issue Yield (%) 2.0007
Coverage Ratio 3.145
Lowest Yield Accepted (%) 1.980
Highest Yield Accepted (%) 2.010
Total Amount of All Bids Received ($million) 6,289
Total Number of Bids 120
Total Number of Successful Bids 61
Number of Bids Allocated in Full 42
Best Bid (%) 1.980
Worst Bid (%) 2.055
Weighted Average Bid (%) 2.0159
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 21.7

*Individual allotments may vary due to rounding.

Last updated: 10 April 2015