Tender 697

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 13 June 2014. Details of the tender are set out below.

Series Offered 3.25% 21 October 2018
Series Number TB141
ISIN AU3TB0000176
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 Friday, 13 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. 697 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 13 June 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 697 must be settled in the Austraclear System on Wednesday, 18 June 2014.

Last updated: 13 June 2014

Results

13 June 2014

Series Offered 3.25% 21 October 2018
Series ID TB141
ISIN AU3TB0000176
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 (%) 3.1114
Coverage Ratio 4.264
Lowest Yield Accepted (%) 3.110
Highest Yield Accepted (%) 3.115
Total Amount of All Bids Received ($million) 2,985
Total Number of Bids 34
Total Number of Successful Bids 14
Number of Bids Allocated in Full 4
Best Bid (%) 3.110
Worst Bid (%) 3.135
Weighted Average Bid (%) 3.1182
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 17

*Individual allotments may vary due to rounding.

Last updated: 13 June 2014