Tender 682

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 11 April 2014. Details of the tender are set out below.

Series Offered 5.75% 15 May 2021
Series Number TB124
ISIN AU0000XCLWM5
Offered to Public ($million) 700
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 700
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 Standard Time on Friday, 11 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. 682 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 11 April 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 682 must be settled in the Austraclear System on Wednesday, 16 April 2014.

Last updated: 11 April 2014

Results

11 April 2014

Series Offered 5.75% 15 May 2021
Series ID TB124
ISIN AU0000XCLWM5
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 (%) 3.6982
Coverage Ratio 4.079
Lowest Yield Accepted (%) 3.695
Highest Yield Accepted (%) 3.700
Total Amount of All Bids Received ($million) 2,855
Total Number of Bids 40
Total Number of Successful Bids 14
Number of Bids Allocated in Full 4
Best Bid (%) 3.695
Worst Bid (%) 3.730
Weighted Average Bid (%) 3.7083
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 47

*Individual allotments may vary due to rounding.

Last updated: 11 April 2014