Tender 685

Announcement

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

Series Offered 5.25% 15 March 2019
Series Number TB122
ISIN AU300TB01224
Offered to Public ($million) 700
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 700
First Coupon Payment Due* 15 September 2014
First Coupon Payment Amount (per $100 face value) $2.625

*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 Friday, 2 May 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. 685 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 2 May 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 685 must be settled in the Austraclear System on Wednesday, 7 May 2014.

Last updated: 9 May 2014

Results

2 May 2014

Series Offered 5.25% 15 March 2019
Series ID TB122
ISIN AU300TB01224
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 (%) 3.2795
Coverage Ratio 5.080
Lowest Yield Accepted (%) 3.275
Highest Yield Accepted (%) 3.280
Total Amount of All Bids Received ($million) 3,556
Total Number of Bids 49
Total Number of Successful Bids 15
Number of Bids Allocated in Full 3
Best Bid (%) 3.275
Worst Bid (%) 3.320
Weighted Average Bid (%) 3.2885
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 52

*Individual allotments may vary due to rounding.

Last updated: 9 May 2014