Tender 678

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 28 March 2014. Details of the tender are set out below.

Series Offered 4.25% 21 July 2017
Series Number TB135
ISIN AU3TB0000127
Offered to Public ($million) 700
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 700
First Coupon Payment Due* 21 July 2014
First Coupon Payment Amount (per $100 face value) $2.125

*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, 28 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. 678 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 28 March 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 678 must be settled in the Austraclear System on Wednesday, 2 April 2014.

Last updated: 31 March 2014

Results

28 March 2014

Series Offered 4.25% 21 July 2017
Series ID TB135
ISIN AU3TB0000127
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 (%) 3.105
Coverage Ratio 4.1929
Lowest Yield Accepted (%) 3.105
Highest Yield Accepted (%) 3.105
Total Amount of All Bids Received ($million) 2935
Total Number of Bids 32
Total Number of Successful Bids 6
Number of Bids Allocated in Full 0
Best Bid (%) 3.105
Worst Bid (%) 3.13
Weighted Average Bid (%) 3.1118
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 95

*Individual allotments may vary due to rounding.

Last updated: 31 March 2014