Tender 670

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 26 February 2014. 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 May 2014
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 Daylight Time on Wednesday, 26 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. 670 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 26 February 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 670 must be settled in the Austraclear System on Monday, 3 March 2014.

Last updated: 26 February 2014

Results

26 February 2014

Series Offered 5.75% 15 May 2021
Series ID TB124
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 (%) 3.785
Coverage Ratio 4.8038
Lowest Yield Accepted (%) 3.785
Highest Yield Accepted (%) 3.79
Total Amount of All Bids Received ($million) 3843
Total Number of Bids 47
Total Number of Successful Bids 13
Number of Bids Allocated in Full 8
Best Bid (%) 3.785
Worst Bid (%) 3.83
Weighted Average Bid (%) 3.7935
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 0

*Individual allotments may vary due to rounding.

Last updated: 26 February 2014