Tender 128

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 8 March 2016. Details of the tender are set out below.

Series Offered 1.00% 21 November 2018
Series Number CAIN412
ISIN AU000XCLWAJ6
Offered to Public ($million) 100
First Coupon Payment Due* 21 May 2016
Nominal Value of Principal for First Coupon Payment ($) 104.65

*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, 8 March 2016.

All bids must comply with the Information Memorandum for Treasury Indexed Bonds [PDF 707KB | RTF 1.27MB] dated 4 March 2016.

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 Thursday, 10 March 2016.

Last updated: 8 March 2016

Results

8 March 2016

Series Offered 1.00% 21 November 2018
Series ID CAIN412
ISIN AU000XCLWAJ6
Offered to Public ($million) 100
Amount Allotted to Public ($million) 100
Weighted Average Issue Yield (%) .4051
Coverage Ratio 5.9600
Lowest Yield Accepted (%) .3950
Highest Yield Accepted (%) .4100
Total Amount of All Bids Received ($million) 596
Total Number of Bids 36
Total Number of Successful Bids 7
Number of Bids Allocated in Full 5
Best Bid (%) .3950
Worst Bid (%) .4575
Weighted Average Bid (%) .4262
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 33.3

*Individual allotments may vary due to rounding.

Last updated: 8 March 2016