Tender 692

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 28 May 2014. Details of the tender are set out below.

Series Offered 4.75% 21 April 2027
Series Number TB136
ISIN AU3TB0000135
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) $2.375

*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, 28 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. 692 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 28 May 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 692 must be settled in the Austraclear System on Monday, 2 June 2014.

Last updated: 28 May 2014

Results

28 May 2014

Series Offered 4.75% 21 April 2027
Series ID TB136
ISIN AU3TB0000135
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 (%) 3.9479
Coverage Ratio 3.021
Lowest Yield Accepted (%) 3.940
Highest Yield Accepted (%) 3.950
Total Amount of All Bids Received ($million) 2,115
Total Number of Bids 47
Total Number of Successful Bids 19
Number of Bids Allocated in Full 6
Best Bid (%) 3.940
Worst Bid (%) 3.995
Weighted Average Bid (%)  3.9547
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 63

*Individual allotments may vary due to rounding.

Last updated: 28 May 2014