Tender 104

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 14 October 2014. Details of the tender are set out below.

Series Offered 1.00% 21 November 2018
Series Number CAIN412
ISIN AU000XCLWAJ6
Offered to Public ($million) 300
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 300
First Coupon Payment Due* 21 November 2014
Nominal Value of Principal for First Coupon Payment ($) 102.18

*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 Daylight Time on Tuesday, 14 October 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. 104 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Tuesday, 14 October 2014.

Settlement Arrangements

Successful bids for Treasury Indexed Bonds offered in Tender No. 104 must be settled in the Austraclear System on Friday, 17 October 2014.

Last updated: 14 October 2014

Results

14 October 2014

Series Offered 1.00% 21 November 2018
Series ID CAIN412
ISIN AU000XCLWAJ6
Offered to Public ($million) 300
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 300
Amount Allotted to Public ($million) 300
Weighted Average Issue Yield (%) 0.6348
Coverage Ratio 3.680
Lowest Yield Accepted (%) 0.6300
Highest Yield Accepted (%) 0.6375
Total Amount of All Bids Received ($million) 1,104
Total Number of Bids 66
Total Number of Successful Bids 15
Number of Bids Allocated in Full 12
Best Bid (%) 0.6300
Worst Bid (%) 0.7275
Weighted Average Bid (%)  0.6557
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 95.5

*Individual allotments may vary due to rounding.

Last updated: 14 October 2014