Tender 244

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 6 August 2008. Details of the tender are set out below.

Series Offered 5.75% 15 April 2012
Series Number TB123
Offered to Public ($million) 150
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 150
First Coupon Payment Due* 15 October 2008
First Coupon Payment Amount (per $100 face value) $2.875

+The amount allotted to public may differ from the amount offered to public due to rounding of amounts allotted at the highest accepted yield.

*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 BLOOMBERG PROFESSIONAL ® Service, between 10.15 am and 10.30 am Australian Eastern Standard Time on Wednesday, 6 August 2008.

All bids must comply with the Information Memorandum for Treasury Bonds dated 6 December 2007, a copy of which is available on the Australian Office of Financial Management’s website at www.aofm.gov.au.

Announcement of Results

The results of Tender No. 244 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 6 August 2008.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 244 must be settled during Austraclear System hours on Monday, 11 August 2008.

Last updated: 13 November 2013

Results

Series Offered 5.75% 15 April 2012
Offered to Public ($million) 150
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 150
Amount Allotted to Public ($million) 149
Weighted Average Issue Yield (%) 5.8899
Lowest Yield Accepted (%) 5.885
Highest Yield Accepted (%) 5.895
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 12
Coverage Ratio 6.1

*Individual allotments may be higher due to rounding.

The next Treasury Bond tender is expected to be held on 11 August 2008. This will be for the June 2014 Treasury Bond.

Last updated: 13 November 2013