Tender 120

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 8 September 2015. Details of the tender are set out below.

Series Offered 1.00% 21 November 2018
Series Number CAIN412
ISIN AU000XCLWAJ6
Offered to Public ($million) 150
First Coupon Payment Due* 21 November 2015
Nominal Value of Principal for First Coupon Payment ($) 103.63

*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, 8 September 2015.

All bids must comply with the Information Memorandum for Treasury Indexed Bonds [PDF 146KB | RTF 1.134MB] dated 14 August 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, 11 September 2015.

Last updated: 8 September 2015

Results

8 September 2015

Series Offered 1.00% 21 November 2018
Series ID CAIN412
ISIN AU000XCLWAJ6
Offered to Public ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) -0.0169
Coverage Ratio 3.987
Lowest Yield Accepted (%) -0.0300
Highest Yield Accepted (%) -0.0125
Total Amount of All Bids Received ($million) 598
Total Number of Bids 34
Total Number of Successful Bids 8
Number of Bids Allocated in Full 6
Best Bid (%) -0.0300
Worst Bid (%) 0.0400
Weighted Average Bid (%) 0.0028
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 80

*Individual allotments may vary due to rounding.

Last updated: 8 September 2015