Tender 775

Announcement

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

Series Offered 5.75% 15 May 2021
Series Number TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 700
First Coupon Payment Due* 15 November 2015
First Coupon Payment Amount (per $100 face value) $2.875

*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, 15 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, 20 May 2015.

Last updated: 15 May 2015

Results

15 May 2015

Series Offered 5.75% 15 May 2021
Series ID TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 2.4560
Coverage Ratio 3.146
Lowest Yield Accepted (%) 2.455
Highest Yield Accepted (%) 2.460
Total Amount of All Bids Received ($million) 2,202
Total Number of Bids 34
Total Number of Successful Bids 13
Number of Bids Allocated in Full 7
Best Bid (%) 2.455
Worst Bid (%) 2.480
Weighted Average Bid (%) 2.4630
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 28.9

*Individual allotments may vary due to rounding.

Last updated: 15 May 2015