Tender 632

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 6 September 2013. Details of the tender are set out below.

Series Offered 5.75% 15 May 2021
Series Number TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 800
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 800
First Coupon Payment Due* 15 November 2013
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 Standard Time on Friday, 6 September 2013.

All bids must comply with the Information Memorandum for Treasury Bonds [PDF 371KB | RTF 502KB] dated 24 June 2013, a copy of which is available on the Australian Office of Financial Management’s website.

Announcement of Results

The results of Tender No. 632 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 6 September 2013.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 632 must be settled in the Austraclear System on Wednesday, 11 September 2013.

Last updated: 16 January 2014

Results

6 September 2013

Series Offered 5.75% 15 May 2021
ISIN AU0000XCLWM5
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 (%) 3.9592
Lowest Yield Accepted (%) 3.955
Highest Yield Accepted (%) 3.965
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 47
Coverage Ratio 2.50

*Individual allotments may vary due to rounding.

Last updated: 16 January 2014