Tender 656

Announcement

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

Series Offered 3.25% 21 October 2018
Series Number TB141
ISIN AU3TB0000176
Offered to Public ($million) 1,500
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 1,500
First Coupon Payment Due* 21 April 2014
First Coupon Payment Amount (per $100 face value) $1.625

*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 Friday, 6 December 2013.

All bids must comply with the Information Memorandum for Treasury Bonds [PDF 167KB | RTF 1MB] dated 11 October 2013, a copy of which is available on the Australian Office of Financial Management’s website.

Announcement of Results

The results of Tender No. 656 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 6 December 2013.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 656 must be settled in the Austraclear System on Wednesday, 11 December 2013.

Last updated: 12 February 2014

Results

6 December 2013

Series Offered 3.25% 21 October 2018
ISIN AU3TB0000176
Offered to Public ($million) 1500
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 1500
Amount Allotted to Public ($million) 1500
Weighted Average Issue Yield (%) 3.5738
Lowest Yield Accepted (%) 3.555
Highest Yield Accepted (%) 3.585
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 27
Coverage Ratio 3.13

*Individual allotments may vary due to rounding.

Last updated: 12 February 2014