Tender 138

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 13 September 2016. Details of the tender are set out below.

Series Offered 3.00% 20 September 2025
Series Number CAIN407
ISIN AU0000XCLWP8
Offered to Public ($million) 150
First Coupon Payment Due* 20 December 2016
Nominal Value of Principal for First Coupon Payment ($) 117.30

*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, 13 September 2016.

All bids must comply with the Information Memorandum for Treasury Indexed Bonds [PDF 111KB | RTF 1.318MB] dated 27 July 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, 15 September 2016.

Last updated: 13 September 2016

Results

13 September 2016

Series Offered 3.00% 20 September 2025
Series ID CAIN407
ISIN AU0000XCLWP8
Offered to Public ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 0.4106
Coverage Ratio 2.3333
Lowest Yield Accepted (%) 0.3975
Highest Yield Accepted (%) 0.4175
Total Amount of All Bids Received ($million) 350
Total Number of Bids 30
Total Number of Successful Bids 13
Number of Bids Allocated in Full 11
Best Bid (%) 0.3975
Worst Bid (%) 0.4675
Weighted Average Bid (%) 0.4305
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 80

*Individual allotments may vary due to rounding.

Last updated: 13 September 2016