Tender 555

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 19 September 2012. Details of the tender are set out below.

Series Offered 2.75% 21 April 2024
Series Number TB137
Offered to Public ($million) 800
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 800
First Coupon Payment Due* 21 October 2012
First Coupon Payment Amount (per $100 face value) $1.375

*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, 19 September 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.

Announcement of Results

The results of Tender No. 555 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 19 September 2012.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 555 must be settled in the Austraclear System on Monday, 24 September 2012.

Last updated: 11 November 2013

Results

Series Offered 2.75% 21 April 2024
Offered to Public ($million) 800
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 800
Amount Allotted to Public ($million) 800
Weighted Average Issue Yield (%) 3.4575
Lowest Yield Accepted (%) 3.450
Highest Yield Accepted (%) 3.460
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 61
Coverage Ratio 3.61

*Individual allotments may vary due to rounding.

Last updated: 11 November 2013