Tender 677

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 26 March 2014. Details of the tender are set out below.

Series Offered 3.25% 21 April 2025
Series Number TB139
ISIN AU3TB0000168
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 Wednesday, 26 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. 677 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 26 March 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 677 must be settled in the Austraclear System on Monday, 31 March 2014.

Last updated: 26 March 2014

Results

26 March 2014

Series Offered 3.25% 21 April 2025
Series ID TB139
ISIN AU3TB0000168
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 (%) 4.2036
Coverage Ratio 2.7271
Lowest Yield Accepted (%) 4.200
Highest Yield Accepted (%) 4.205
Total Amount of All Bids Received ($million) 1909
Total Number of Bids 35
Total Number of Successful Bids 14
Number of Bids Allocated in Full 5
Best Bid (%) 4.200
Worst Bid (%) 4.230
Weighted Average Bid (%) 4.2103
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 85

*Individual allotments may vary due to rounding.

Last updated: 26 March 2014