Tender 103

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 23 September 2014. Details of the tender are set out below.

Series Offered 2.50% 20 September 2030
Series Number CAIN408
ISIN AU0000XCLWV6
Offered to Public ($million) 150
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 150
First Coupon Payment Due* 20 December 2014
Nominal Value of Principal for First Coupon Payment ($) 111.54

*Coupons will be paid at quarterly 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 Tuesday, 23 September 2014.

All bids must comply with the Information Memorandum for Treasury Indexed Bonds [PDF 145KB | RTF 1.3MB] dated 4 February 2014.

Announcement of Results

The results of Tender No. 103 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Tuesday, 23 September 2014.

Settlement Arrangements

Successful bids for Treasury Indexed Bonds offered in Tender No. 103 must be settled in the Austraclear System on Friday, 26 September 2014.

Last updated: 7 October 2014

Results

23 September 2014

Series Offered 2.50% 20 September 2030
Series ID CAIN408
ISIN AU0000XCLWV6
Offered to Public ($million) 150
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 1.4683
Coverage Ratio 4.280
Lowest Yield Accepted (%) 1.4525
Highest Yield Accepted (%) 1.4775
Total Amount of All Bids Received ($million) 642
Total Number of Bids 49
Total Number of Successful Bids 19
Number of Bids Allocated in Full 17
Best Bid (%) 1.4525
Worst Bid (%) 1.5900
Weighted Average Bid (%) 1.5086
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 52

*Individual allotments may vary due to rounding.

Last updated: 7 October 2014