Tender 688

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 14 May 2014. Details of the tender are set out below.

Series Offered 2.75% 21 April 2024
Series Number TB137
ISIN AU3TB0000143
Offered to Public ($million) 700
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 700
First Coupon Payment Due* 21 October 2014
First Coupon Payment Amount (per $100 face value) $1.375

*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, 14 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. 688 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 14 May 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 688 must be settled in the Austraclear System on Monday, 19 May 2014.

Last updated: 16 May 2014

Results

14 May 2014

Series Offered 2.75% 21 April 2024
Series ID TB137
ISIN AU3TB0000143
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 (%) 3.8081
Coverage Ratio 4.116
Lowest Yield Accepted (%) 3.805
Highest Yield Accepted (%) 3.810
Total Amount of All Bids Received ($million) 2,881
Total Number of Bids 42
Total Number of Successful Bids 17
Number of Bids Allocated in Full 4
Best Bid (%) 3.805
Worst Bid (%) 3.835
Weighted Average Bid (%) 3.8142
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 47

*Individual allotments may vary due to rounding.

Last updated: 16 May 2014