Tender 396

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 10 September 2010. Details of the tender are set out below.

Series Offered 4.50% 21 October 2014
Series Number TB131
Offered to Public ($million) 1200
Reserve Bank Take-up ($million) 50
Total Amount Offered ($million) 1250
First Coupon Payment Due* 21 October 2010
First Coupon Payment Amount (per $100 face value) $2.250

*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 Yieldbroker DEBTS System, between 10.45 am and 11.00 am Australian Eastern Standard Time on Friday, 10 September 2010.

All bids must comply with the Information Memorandum for Treasury Bonds dated 10 June 2010, 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. 396 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 10 September 2010.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 396 must be settled in the Austraclear System on Wednesday, 15 September 2010.

Last updated: 11 November 2013

Results

Series Offered 4.50% 21 October 2014
Offered to Public ($million) 1,200
Reserve Bank Take-up ($million) 50
Total Amount Offered ($million) 1,250
Amount Allotted to Public ($million) 1,200
Weighted Average Issue Yield (%) 4.7561
Lowest Yield Accepted (%) 4.745
Highest Yield Accepted (%) 4.765
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 31
Coverage Ratio 2.74

*Individual allotments may be higher due to rounding.

Last updated: 11 November 2013