Tender 598

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 19 April 2013. Details of the tender are set out below.

Series Offered 4.75% 15 June 2016
Series Number TB130
ISIN AU3TB0000077
Offered to Public ($million) 600
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 600
First Coupon Payment Due* 15 June 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 Standard Time on Friday, 19 April 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. 598 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 19 April 2013.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 598 must be settled in the Austraclear System on Wednesday, 24 April 2013.

Last updated: 13 February 2014

Results

Series Offered 4.75% 15 June 2016
ISIN AU3TB0000077
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 (%) 2.6972
Lowest Yield Accepted (%) 2.690
Highest Yield Accepted (%) 2.700
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 63
Coverage Ratio 3.33

*Individual allotments may vary due to rounding.

Last updated: 13 February 2014