Tender 679

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 2 April 2014. Details of the tender are set out below.

Series Offered 4.50% 21 April 2033
Series Number TB140
ISIN AU000XCLWAG2
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) $2.250

*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, 2 April 2014.

All bids must comply with the Information Memorandum for Treasury Bonds [PDF 145KB | RTF 1.3MB] dated 4 February 2014.

Announcement of Results

The results of Tender No. 679 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 2 April 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 679 must be settled in the Austraclear System on Monday, 7 April 2014.

Last updated: 2 April 2014

Results

2 April 2014

Series Offered 4.50% 21 April 2033
Series ID TB140
ISIN AU000XCLWAG2
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 (%) 4.7100
Coverage Ratio 4.849
Lowest Yield Accepted (%) 4.710
Highest Yield Accepted (%) 4.710
Total Amount of All Bids Received ($million) 3,394
Total Number of Bids 61
Total Number of Successful Bids 6
Number of Bids Allocated in Full 0
Best Bid (%) 4.710
Worst Bid (%) 4.750
Weighted Average Bid (%)  4.7209
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 57

*Individual allotments may vary due to rounding.

Last updated: 2 April 2014