Tender 122

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 13 October 2015. Details of the tender are set out below.

Series Offered 4.00% 20 August 2020
Series Number CAIN406
ISIN AU0000XCLWE2
Offered to Public ($million) 150
First Coupon Payment Due* 20 November 2015
Nominal Value of Principal for First Coupon Payment ($) 162.50

*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, 13 October 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, 16 October 2015.

Last updated: 13 October 2015

Results

13 October 2015

Series Offered 4.00% 20 August 2020
Series ID CAIN406
ISIN AU0000XCLWE2
Offered to Public ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 0.1557
Coverage Ratio 3.067
Lowest Yield Accepted (%) 0.1475
Highest Yield Accepted (%) 0.1675
Total Amount of All Bids Received ($million) 460
Total Number of Bids 36
Total Number of Successful Bids 14
Number of Bids Allocated in Full 11
Best Bid (%) 0.1475
Worst Bid (%) 0.2275
Weighted Average Bid (%) 0.1821
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 8.3

*Individual allotments may vary due to rounding.

Last updated: 13 October 2015