Tender 767

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 15 April 2015. Details of the tender are set out below.

Series Offered 4.75% 21 April 2027
Series Number TB136
ISIN AU3TB0000135
Offered to Public ($million) 700
First Coupon Payment Due* 21 October 2015
First Coupon Payment Amount (per $100 face value) $2.375

*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 Standard Time on Wednesday, 15 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, 20 April 2015.

Last updated: 15 April 2015

Results

15 April 2015

Series Offered 4.75% 21 April 2027
Series ID TB136
ISIN AU3TB0000135
Offered to Public ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 2.3834
Coverage Ratio 3.929
Lowest Yield Accepted (%) 2.380
Highest Yield Accepted (%) 2.385
Total Amount of All Bids Received ($million) 2,750
Total Number of Bids 39
Total Number of Successful Bids 13
Number of Bids Allocated in Full 3
Best Bid (%) 2.380
Worst Bid (%) 2.405
Weighted Average Bid (%) 2.3905
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 69.9

*Individual allotments may vary due to rounding.

Last updated: 15 April 2015