Tender 687

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 9 May 2014. Details of the tender are set out below.

Series Offered 4.50% 15 April 2020
Series Number TB126
ISIN AU3TB0000036
Offered to Public ($million) 700
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 700
First Coupon Payment Due* 15 October 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 Standard Time on Friday, 9 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. 687 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 9 May 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 687 must be settled in the Austraclear System on Wednesday, 14 May 2014.

Last updated: 16 May 2014

Results

9 May 2014

Series Offered 4.50% 15 April 2020
Series ID TB126
ISIN AU3TB0000036
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 (%) 3.3622
Coverage Ratio 3.950
Lowest Yield Accepted (%) 3.360
Highest Yield Accepted (%) 3.365
Total Amount of All Bids Received ($million) 2,765
Total Number of Bids 34
Total Number of Successful Bids 13
Number of Bids Allocated in Full 3
Best Bid (%) 3.360
Worst Bid (%) 3.380
Weighted Average Bid (%) 3.3673
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 27

*Individual allotments may vary due to rounding.

Last updated: 16 May 2014