Tender 119

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 28 July 2015. Details of the tender are set out below.

Series Offered 3.00% 20 September 2025
Series Number CAIN407
ISIN AU0000XCLWP8
Offered to Public ($million) 150
First Coupon Payment Due* 20 September 2015
Nominal Value of Principal for First Coupon Payment ($) 115.46

*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, 28 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, 31 July 2015.

Last updated: 28 July 2015

Results

28 July 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 (%) 0.5090
Coverage Ratio 3.373
Lowest Yield Accepted (%) 0.4975
Highest Yield Accepted (%) 0.5175
Total Amount of All Bids Received ($million) 506
Total Number of Bids 47
Total Number of Successful Bids 22
Number of Bids Allocated in Full 18
Best Bid (%) 0.4975
Worst Bid (%) 0.5775
Weighted Average Bid (%) 0.5293
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 11.1

*Individual allotments may vary due to rounding.

Last updated: 28 July 2015