Tender 245

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 11 August 2008. Details of the tender are set out below.

Series Offered 6.25% 15 June 2014
Series Number TB125
Offered to Public ($million) 600
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 600
First Coupon Payment Due* 15 December 2008
First Coupon Payment Amount (per $100 face value) $3.125

+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 Monday, 11 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. 245 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Monday, 11 August 2008.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 245 must be settled during Austraclear System hours on Thursday, 14 August 2008.

Last updated: 13 November 2013

Results

Series Offered 6.25% 15 June 2014
Offered to Public ($million) 600
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 5.8867
Lowest Yield Accepted (%) 5.865
Highest Yield Accepted (%) 5.895
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 58
Coverage Ratio 2.4

*Individual allotments may be higher due to rounding.

The next tender for issue of the 15 June 2014 Treasury Bond is expected to be held on 22 September 2008, not 15 September 2008 as previously advised.

Last updated: 13 November 2013