Tender 429

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 16 February 2011. Details of the tender are set out below.

Series Offered 5.75% 15 July 2022
Series Number TB128
Offered to Public ($million) 500
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 500
First Coupon Payment Due* 15 July 2022
First Coupon Payment Amount (per $100 face value) $2.875

*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 Daylight Time on Wednesday, 16 February 2011

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. 429 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 16 February 2011.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 429 must be settled in the Austraclear System on Monday, 21 February 2011.

Last updated: 11 November 2013

Results

Series Offered 5.75% 15 July 2022
Offered to Public ($million) 500
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 500
Amount Allotted to Public ($million) 500
Weighted Average Issue Yield (%) 5.7452
Lowest Yield Accepted (%) 5.745
Highest Yield Accepted (%) 5.750
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 2
Coverage Ratio 4.63

*Individual allotments may vary due to rounding.

Last updated: 11 November 2013