Tender 111

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 10 March 2015. Details of the tender are set out below.

Series Offered 3.00% 20 September 2025
Series Number CAIN407
ISIN AU0000XCLWP8
Offered to Public ($million) 150
First Coupon Payment Due* 20 June 2015
Nominal Value of Principal for First Coupon Payment ($) 115.24

*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, 10 March 2015.

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 the tender are expected to be announced as soon as practicable after the closing time for the lodgement of bids.

Settlement Arrangements

Successful bids for Treasury Indexed Bonds offered in the tender must be settled in the Austraclear System on Friday, 13 March 2015.

Last updated: 20 July 2015

Results

10 March 2015

Series Offered 3.00% 20 September 2025
Series ID CAIN407
ISIN AU0000XCLWP8
Offered to Public ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 0.4001
Coverage Ratio 4.487
Lowest Yield Accepted (%) 0.3925
Highest Yield Accepted (%) 0.4025
Total Amount of All Bids Received ($million) 673
Total Number of Bids 52
Total Number of Successful Bids 11
Number of Bids Allocated in Full 8
Best Bid (%) 0.3925
Worst Bid (%) 0.4750
Weighted Average Bid (%) 0.4213
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 64.6

*Individual allotments may vary due to rounding.

Last updated: 20 July 2015