Tender 01/14

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Notes on Thursday, 8 May 2014. Details of the tender are set out below.

Maturity date Friday, 8 August 2014 Friday, 24 October 2014
Series ID T08084 T24104
ISIN AU2CLT080848 AU2CLT241044
Offered to Public ($million) 500 500
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 500 500

Lodgement of Bids

Bids may be lodged by Registered Bidders through the AOFM Tender System, which is accessed via the Yieldbroker DEBTS System, between 10.15 am and 10.30 am Australian Eastern Standard Time on Thursday, 8 May 2014.

All bids must comply with the Information Memorandum for Treasury Notes [PDF 117KB] dated 4 February 2014.

Announcement of Results

The results of Tender No. 01/14 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Thursday, 8 May 2014.

Settlement Arrangements

Successful bids for Treasury Notes offered in Tender No. 01/14 must be settled in the Austraclear System on Friday, 9 May 2014.

Last updated: 9 May 2014

Results

8 May 2014

Maturity 8 August 2014 24 October 2014
Series Number T08084 T24104
ISIN AU2CLT080848 AU2CLT241044
Offered to Public ($million) 500 500
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 500 500
Amount Allotted to Public ($million) 500 500
Weighted Average Issue Yield (%) 2.4814 2.4709
Coverage Ratio 5.030 4.092
Lowest Yield Accepted (%) 2.45 2.32
Highest Yield Accepted (%) 2.50 2.51
Total Amount of All Bids Received ($million) 2,515 2,046
Total Number of Bids 31 28
Total Number of Successful Bids 9 13
Number of Bids Allocated in Full 6 9
Best Bid (%) 2.45 2.32
Worst Bid (%) 2.68 2.70
Weighted Average Bid (%) 2.5280 2.5270
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 38 3

*Individual allotments may vary due to rounding.

Last updated: 9 May 2014