Tender 676

Announcement

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

Series Offered 3.25% 21 October 2018
Series Number TB141
ISIN AU3TB0000176
Offered to Public ($million) 700
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 700
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, 21 March 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. 676 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 21 March 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 676 must be settled in the Austraclear System on Wednesday, 26 March 2014.

Last updated: 21 March 2014

Results

21 March 2014

Series Offered 3.25% 21 October 2018
Series ID TB141
ISIN AU3TB0000176
Offered to Public ($million) 700
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 700
Amount Allotted to Public ($million) 700
Weighted Average Issue Yield (%) 3.3988
Coverage Ratio 5.2
Lowest Yield Accepted (%) 3.395
Highest Yield Accepted (%) 3.4
Total Amount of All Bids Received ($million) 3640
Total Number of Bids 38
Total Number of Successful Bids 9
Number of Bids Allocated in Full 2
Best Bid (%) 3.395
Worst Bid (%) 3.44
Weighted Average Bid (%) 3.4056
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 64

*Individual allotments may vary due to rounding.

Last updated: 21 March 2014