Tender 785

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 24 June 2015. Details of the tender are set out below.

Series Offered 5.25% 15 March 2019
Series Number TB122
ISIN AU300TB01224
Offered to Public ($million) 900
First Coupon Payment Due* 15 September 2015
First Coupon Payment Amount (per $100 face value) $2.625

*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, 24 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 Monday, 29 June 2015.

Last updated: 24 June 2015

Results

24 June 2015

Series Offered 5.25% 15 March 2019
Series ID TB122
ISIN AU300TB01224
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 2.1144
Coverage Ratio 4.732
Lowest Yield Accepted (%) 2.110
Highest Yield Accepted (%) 2.115
Total Amount of All Bids Received ($million) 4,259
Total Number of Bids 45
Total Number of Successful Bids 11
Number of Bids Allocated in Full 3
Best Bid (%) 2.110
Worst Bid (%) 2.140
Weighted Average Bid (%) 2.1211
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 64.8

*Individual allotments may vary due to rounding.

Last updated: 24 June 2015