Tender 696

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 11 June 2014. Details of the tender are set out below.

Series Offered 3.25% 21 April 2029
Series Number TB138
ISIN AU3TB0000150
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) $1.625

*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, 11 June 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. 696 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Wednesday, 11 June 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 696 must be settled in the Austraclear System on Monday, 16 June 2014.

Last updated: 11 June 2014

Results

11 June 2014

Series Offered 3.25% 21 April 2029
Series ID TB138
ISIN AU3TB0000150
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 (%) 4.2055
Coverage Ratio 2.613
Lowest Yield Accepted (%) 4.200
Highest Yield Accepted (%) 4.210
Total Amount of All Bids Received ($million) 1,829
Total Number of Bids 39
Total Number of Successful Bids 15
Number of Bids Allocated in Full 7
Best Bid (%) 4.200
Worst Bid (%) 4.230
Weighted Average Bid (%) 4.2138
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 59

*Individual allotments may vary due to rounding.

Last updated: 11 June 2014