Tender 669

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 21 February 2014. Details of the tender are set out below.

Series Offered 5.25% 15 March 2019
Series Number TB122
ISIN AU300TB01224
Offered to Public ($million) 800
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 800
First Coupon Payment Due* 15 March 2014
First Coupon Payment Amount (per $100 face value) $2.625

*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, 21 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. 669 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 21 February 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 669 must be settled in the Austraclear System on Wednesday, 26 February 2014.

Last updated: 21 February 2014

Results

21 February 2014

Series Offered 5.25% 15 March 2019
Series ID TB122
ISIN AU300TB01224
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 (%) 3.4661
Coverage Ratio 3.9438
Lowest Yield Accepted (%) 3.46
Highest Yield Accepted (%) 3.47
Total Amount of All Bids Received ($million) 3155
Total Number of Bids 43
Total Number of Successful Bids 12
Number of Bids Allocated in Full 4
Best Bid (%) 3.46
Worst Bid (%) 3.5
Weighted Average Bid (%)  3.4745
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 55

*Individual allotments may vary due to rounding.

Last updated: 21 February 2014