Tender 665

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 7 February 2014. Details of the tender are set out below.

Series Offered 6.00% 15 February 2017
Series Number TB120
ISIN AU300TB01208
Offered to Public ($million) 800
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 800
First Coupon Payment Due* 15 August 2014
First Coupon Payment Amount (per $100 face value) $3.000

*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, 7 February 2014.

All bids must comply with the Information Memorandum for Treasury Bonds [PDF 145KB | RTF 1.3MB] dated 4 February 2014, a copy of which is available on the Australian Office of Financial Management’s website.

Announcement of Results

The results of Tender No. 665 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 7 February 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 665 must be settled in the Austraclear System on Wednesday, 12 February 2014.

Last updated: 7 February 2014

Results

7 February 2014

Series Offered 6.00% 15 February 2017
Series ID TB120
ISIN AU300TB01208
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 (%) 2.9785
Coverage Ratio 4.7875
Lowest Yield Accepted (%) 2.975
Highest Yield Accepted (%) 2.98
Total Amount of All Bids Received ($million) 3830
Total Number of Bids 36
Total Number of Successful Bids 9
Number of Bids Allocated in Full 3
Best Bid (%) 2.975
Worst Bid (%) 3.01
Weighted Average Bid (%)  2.9852
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 66

*Individual allotments may vary due to rounding.

Last updated: 7 February 2014