Tender 683

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 16 April 2014. Details of the tender are set out below.

Series Offered 3.25% 21 October 2018
Series Number TB141
ISIN AU3TB0000176
Offered to Public ($million) 1,000
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 1,000
First Coupon Payment Due* 21 October 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 Standard Time on Wednesday, 16 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. 683 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 16 April 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 683 must be settled in the Austraclear System on Wednesday, 23 April 2014.

Last updated: 16 April 2014

Results

16 April 2014

Series Offered 3.25% 21 October 2018
Series ID TB141
ISIN AU3TB0000176
Offered to Public ($million) 1,000
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 1,000
Amount Allotted to Public ($million) 1,000
Weighted Average Issue Yield (%) 3.2885
Coverage Ratio 3.119
Lowest Yield Accepted (%) 3.285
Highest Yield Accepted (%) 3.290
Total Amount of All Bids Received ($million) 3,119
Total Number of Bids 44
Total Number of Successful Bids 11
Number of Bids Allocated in Full 1
Best Bid (%) 3.285
Worst Bid (%) 3.330
Weighted Average Bid (%)  3.2976
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 93

*Individual allotments may vary due to rounding.

Last updated: 16 April 2014