Tender 141

Announcement

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

Series Offered 3.00% 20 September 2025
Series Number CAIN407
ISIN AU0000XCLWP8
Offered to Public ($million) 150
First Coupon Payment Due* 20 December 2016
Nominal Value of Principal for First Coupon Payment ($) 117.3

*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, 8 November 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, 10 November 2016.

Last updated: 8 November 2016

Results

8 November 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 (%) 0.5127
Coverage Ratio 2.7000
Lowest Yield Accepted (%) 0.5000
Highest Yield Accepted (%) 0.5200
Total Amount of All Bids Received ($million) 405
Total Number of Bids 41
Total Number of Successful Bids 18
Number of Bids Allocated in Full 14
Best Bid (%) 0.5000
Worst Bid (%) 0.6175
Weighted Average Bid (%) 0.5389
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: 8 November 2016