Tender 448

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 4 May 2011. Details of the tender are set out below.

Series Offered 5.25% 15 March 2019
Series Number TB122
Offered to Public ($million) 600
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 600
First Coupon Payment Due* 15 September 2011
First Coupon Payment Amount (per $100 face value) $2.625

*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 Wednesday, 4 May 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. 448 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 4 May 2011.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 448 must be settled in the Austraclear System on Monday, 9 May 2011.

Last updated: 11 November 2013

Results

Series Offered 5.25% 15 March 2019
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 (%) 5.3544
Lowest Yield Accepted (%) 5.350
Highest Yield Accepted (%) 5.355
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 73
Coverage Ratio 3.42

*Individual allotments may vary due to rounding.

Last updated: 11 November 2013