Tender 780

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 3 June 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, 3 June 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 Tuesday, 9 June 2015.

Last updated: 3 June 2015

Results

3 June 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 (%) 2.9805
Coverage Ratio 2.193
Lowest Yield Accepted (%) 2.970
Highest Yield Accepted (%) 2.985
Total Amount of All Bids Received ($million) 1,535
Total Number of Bids 32
Total Number of Successful Bids 20
Number of Bids Allocated in Full 9
Best Bid (%) 2.970
Worst Bid (%) 3.000
Weighted Average Bid (%) 2.9870
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 58.2

*Individual allotments may vary due to rounding.

Last updated: 3 June 2015