Tender 118

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 14 July 2015. Details of the tender are set out below.

Series Offered 1.25% 21 February 2022
Series Number CAIN409
ISIN AU000XCLWAB3
Offered to Public ($million) 200
First Coupon Payment Due* 21 August 2015
Nominal Value of Principal for First Coupon Payment ($) 107.20

*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, 14 July 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, 17 July 2015.

Last updated: 14 July 2015

Results

14 July 2015

Series Offered 1.25% 21 February 2022
Series ID CAIN409
ISIN AU000XCLWAB3
Offered to Public ($million) 200
Amount Allotted to Public ($million) 200
Weighted Average Issue Yield (%) 0.3914
Coverage Ratio 4.550
Lowest Yield Accepted (%) 0.3800
Highest Yield Accepted (%) 0.3975
Total Amount of All Bids Received ($million) 910
Total Number of Bids 54
Total Number of Successful Bids 13
Number of Bids Allocated in Full 9
Best Bid (%) 0.3800
Worst Bid (%) 0.4850
Weighted Average Bid (%) 0.4180
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 80

*Individual allotments may vary due to rounding.

Last updated: 14 July 2015