Tender 498

Announcement

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

Series Offered 5.75% 15 May 2021
Series Number TB124
Offered to Public ($million) 650
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 650
First Coupon Payment Due* 15 May 2012
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 November 2011.

All bids must comply with the Information Memorandum for Treasury Bonds dated 21 July 2011, 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. 498 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 16 November 2011.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 498 must be settled in the Austraclear System on Monday, 21 November 2011.

Last updated: 11 November 2013

Results

Series Offered 5.75% 15 May 2021
Offered to Public ($million) 650
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 650
Amount Allotted to Public ($million) 650
Weighted Average Issue Yield (%) 4.0958
Lowest Yield Accepted (%) 4.090
Highest Yield Accepted (%) 4.100
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 23
Coverage Ratio 3.45

*Individual allotments may vary due to rounding.

Last updated: 11 November 2013