Tender 592

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 27 March 2013. Details of the tender are set out below.

Series Offered 4.75% 21 April 2027
Series Number TB136
ISIN AU3TB0000135
Offered to Public ($million) 650
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 650
First Coupon Payment Due* 21 April 2013
First Coupon Payment Amount (per $100 face value) $2.375

*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 Daylight Time on Wednesday, 27 March 2013.

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. 592 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 27 March 2013.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 592 must be settled in the Austraclear System on Wednesday, 3 April 2013.

Last updated: 13 February 2014

Results

Series Offered 4.75% 21 April 2027
ISIN AU3TB0000135
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 (%) 3.8881
Lowest Yield Accepted (%) 3.885
Highest Yield Accepted (%) 3.895
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 49
Coverage Ratio 3.26

*Individual allotments may vary due to rounding.

Last updated: 13 February 2014