Tender 139

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 27 September 2016. Details of the tender are set out below.

Series Offered 1.25% 21 February 2022
Series Number CAIN409
ISIN AU000XCLWAB3
Offered to Public ($million) 150
First Coupon Payment Due* 21 November 2016
Nominal Value of Principal for First Coupon Payment ($) 108.90

*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, 27 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, 29 September 2016.

Last updated: 27 September 2016

Results

27 September 2016

Series Offered 1.25% 21 February 2022
Series ID CAIN409
ISIN AU000XCLWAB3
Offered to Public ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 0.3018
Coverage Ratio 2.2733
Lowest Yield Accepted (%) 0.2950
Highest Yield Accepted (%) 0.3075
Total Amount of All Bids Received ($million) 341
Total Number of Bids 26
Total Number of Successful Bids 10
Number of Bids Allocated in Full 8
Best Bid (%) 0.2950
Worst Bid (%) 0.3875
Weighted Average Bid (%) 0.3239
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 83.3

*Individual allotments may vary due to rounding.

Last updated: 27 September 2016