Tender 131

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 10 May 2016. Details of the tender are set out below.

Series Offered 1.25% 21 August 2040
Series Number CAIN413
ISIN AU000XCLWAO6
Offered to Public ($million) 150
First Coupon Payment Due* 21 May 2016
Nominal Value of Principal for First Coupon Payment ($) 101.59

*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, 10 May 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, 12 May 2016.

Last updated: 10 May 2016

Results

10 May 2016

Series Offered 1.25% 21 August 2040
Series ID CAIN413
ISIN AU000XCLWAO6
Offered to Public ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 1.0050
Coverage Ratio 3.5867
Lowest Yield Accepted (%) 1.0050
Highest Yield Accepted (%) 1.0050
Total Amount of All Bids Received ($million) 538
Total Number of Bids 42
Total Number of Successful Bids 1
Number of Bids Allocated in Full 1
Best Bid (%) 1.0050
Worst Bid (%) 1.1750
Weighted Average Bid (%)  1.0544
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100

*Individual allotments may vary due to rounding.

Last updated: 10 May 2016