Tender 127

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 23 February 2016. Details of the tender are set out below.

Series Offered 1.25% 21 February 2022
Series Number CAIN409
ISIN AU000XCLWAB3
Offered to Public ($million) 100
First Coupon Payment Due* 21 May 2016
Nominal Value of Principal for First Coupon Payment ($) 108.70

*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, 23 February 2016.

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, 26 February 2016.

Last updated: 24 February 2016

Results

23 February 2016

Series Offered 1.25% 21 February 2022
Series ID CAIN409
ISIN AU000XCLWAB3
Offered to Public ($million) 100
Amount Allotted to Public ($million) 100
Weighted Average Issue Yield (%) 0.3380
Coverage Ratio 4.2100
Lowest Yield Accepted (%) 0.3250
Highest Yield Accepted (%) 0.3450
Total Amount of All Bids Received ($million) 421
Total Number of Bids 40
Total Number of Successful Bids 11
Number of Bids Allocated in Full 9
Best Bid (%) 0.3250
Worst Bid (%) 0.4050
Weighted Average Bid (%) 0.3592
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 64.3

*Individual allotments may vary due to rounding.

Last updated: 24 February 2016