Tender 264

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 27 February 2009. Details of the tender are set out below.

Series Offered 5.75% 15 May 2021
Series Number TB124
Offered to Public ($million) 500
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 500
First Coupon Payment Due* 15 May 2009
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 Daylight Time on Friday, 27 February 2009.

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. 264 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 27 February 2009.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 264 must be settled during Austraclear System hours on Wednesday, 4 March 2009.

Last updated: 13 November 2013

Results

Series Offered 5.75% 15 May 2021
Offered to Public ($million) 500
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 500
Amount Allotted to Public ($million) 501
Weighted Average Issue Yield (%) 4.5176
Lowest Yield Accepted (%) 4.510
Highest Yield Accepted (%) 4.525
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 3
Coverage Ratio 3.9

*Individual allotments may be higher due to rounding.

Last updated: 13 November 2013