Tender 13/14

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Notes on Thursday, 4 September 2014. Details of the tender are set out below.

Maturity date Friday, 5 December 2014 Friday, 23 January 2015
Series ID T05124 T23015
ISIN AU2CLT051245 AU2CLT230153
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 10.45 am and 11.00 am Australian Eastern Standard Time on Thursday, 4 September 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. 13/14 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Thursday, 4 September 2014.

Settlement Arrangements

Successful bids for Treasury Notes offered in Tender No. 13/14 must be settled in the Austraclear System on Friday, 5 September 2014.

Last updated: 12 September 2014

Results

4 September 2014

Maturity 5 December 2014 23 January 2015
Series Number T05124 T23015
ISIN AU2CLT051245 AU2CLT230153
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 (%) 2.5329 2.5249
Coverage Ratio 2.780 2.800
Lowest Yield Accepted (%) 2.50 2.49
Highest Yield Accepted (%) 2.55 2.54
Total Amount of All Bids Received ($million) 1,390 1,400
Total Number of Bids 23 28
Total Number of Successful Bids 15 16
Number of Bids Allocated in Full 11 11
Best Bid (%) 2.50 2.49
Worst Bid (%) 2.63 2.65
Weighted Average Bid (%)  2.5481 2.5428
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 1.3 17

*Individual allotments may vary due to rounding.

Last updated: 12 September 2014