Tender 699

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Friday, 20 June 2014. Details of the tender are set out below.

Series Offered 5.25% 15 March 2019
Series Number TB122
ISIN AU300TB01224
Offered to Public ($million) 700
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 700
First Coupon Payment Due* 15 September 2014
First Coupon Payment Amount (per $100 face value) $2.625

*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, 20 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. 699 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Friday, 20 June 2014.

Settlement Arrangements

Successful bids for Treasury Bonds offered in Tender No. 699 must be settled in the Austraclear System on Wednesday, 25 June 2014.

Last updated: 20 June 2014

Results

20 June 2014

Series Offered 5.25% 15 March 2019
Series ID TB122
ISIN AU300TB01224
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 (%) 3.0436
Coverage Ratio 4.350
Lowest Yield Accepted (%) 3.040
Highest Yield Accepted (%) 3.045
Total Amount of All Bids Received ($million) 3,045
Total Number of Bids 32
Total Number of Successful Bids 8
Number of Bids Allocated in Full 1
Best Bid (%) 3.040
Worst Bid (%) 3.075
Weighted Average Bid (%) 3.0504
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 45

*Individual allotments may vary due to rounding.

Last updated: 20 June 2014