Tender 506

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 1 February 2012. Details of the tender are set out below.

Series Offered 5.75% 15 July 2022
Series Number TB128
Offered to Public ($million) 700
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 700
First Coupon Payment Due* 15 July 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, 1 February 2012.

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. 506 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 1 February 2012.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 506 must be settled in the Austraclear System on Monday, 6 February 2012.

Last updated: 11 November 2013

Results

Series Offered 5.75% 15 July 2022
Offered to Public ($million) 700
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 3.8059
Lowest Yield Accepted (%) 3.800
Highest Yield Accepted (%) 3.810
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 55
Coverage Ratio 2.70

*Individual allotments may vary due to rounding.

Last updated: 11 November 2013