Tender 116

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 9 June 2015. Details of the tender are set out below.

Series Offered 3.00% 20 September 2025
Series Number CAIN407
ISIN AU0000XCLWP8
Offered to Public ($million) 200
First Coupon Payment Due* 20 June 2015
Nominal Value of Principal for First Coupon Payment ($) 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 Standard Time on Tuesday, 9 June 2015.

All bids must comply with the Information Memorandum for Treasury Indexed Bonds [PDF 707KB | RTF 1.244MB] dated 27 March 2015.

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, 12 June 2015.

Last updated: 9 June 2015

Results

9 June 2015

Series Offered 3.00% 20 September 2025
Series ID CAIN407
ISIN AU0000XCLWP8
Offered to Public ($million) 200
Amount Allotted to Public ($million) 200
Weighted Average Issue Yield (%) 0.6870
Coverage Ratio 3.615
Lowest Yield Accepted (%) 0.6775
Highest Yield Accepted (%) 0.6950
Total Amount of All Bids Received ($million) 723
Total Number of Bids 59
Total Number of Successful Bids 16
Number of Bids Allocated in Full 13
Best Bid (%) 0.6775
Worst Bid (%) 0.7850
Weighted Average Bid (%) 0.7129
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 46

*Individual allotments may vary due to rounding.

Last updated: 9 June 2015