Tender 661

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 24 January 2014. Details of the tender are set out below.

Series Offered 4.75% 21 April 2027
Series Number TB136
ISIN AUTB0000135
Offered to Public ($million) 800
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 800
First Coupon Payment Due* 21 April 2014
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 Friday, 24 January 2014.

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. 661 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 24 January 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 661 must be settled in the Austraclear System on Thursday, 30 January 2014.

Last updated: 11 February 2014

Results

24 January 2014

Series Offered 4.75% 21 April 2027
ISIN AU3TB0000135
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 (%) 4.3331
Lowest Yield Accepted (%) 4.325
Highest Yield Accepted (%) 4.340
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 20
Coverage Ratio 2.12

*Individual allotments may vary due to rounding.

Last updated: 11 February 2014