Tender 773

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 8 May 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) 1,500
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, 8 May 2015.

All bids must comply with the Information Memorandum for Treasury Bonds [PDF 146KB | RTF 1.133MB] 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, 13 May 2015.

Last updated: 8 May 2015

Results

8 May 2015

Series Offered 1.75% 21 November 2020
Series ID TB146
ISIN AU000XCLWAN8
Offered to Public ($million) 1,500
Amount Allotted to Public ($million) 1,500
Weighted Average Issue Yield (%) 2.4114
Coverage Ratio 2.317
Lowest Yield Accepted (%) 2.405
Highest Yield Accepted (%) 2.415
Total Amount of All Bids Received ($million) 3,475
Total Number of Bids 50
Total Number of Successful Bids 20
Number of Bids Allocated in Full 9
Best Bid (%) 2.405
Worst Bid (%) 2.450
Weighted Average Bid (%) 2.4187
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 68.4

*Individual allotments may vary due to rounding.

Last updated: 8 May 2015