Tender 142

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 22 November 2016. Details of the tender are set out below.

Series Offered 1.25% 21 August 2040
Series Number CAIN413
ISIN AU000XCLWAO6
Offered to Public ($million) 150
First Coupon Payment Due* 21 February 2017
Nominal Value of Principal for First Coupon Payment ($) 102.33

*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, 22 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, 24 November 2016.

Last updated: 22 November 2016

Results

22 November 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 (%) 1.0974
Coverage Ratio 2.7467
Lowest Yield Accepted (%) 1.0900
Highest Yield Accepted (%) 1.1050
Total Amount of All Bids Received ($million) 412
Total Number of Bids 45
Total Number of Successful Bids 21
Number of Bids Allocated in Full 16
Best Bid (%) 1.0900
Worst Bid (%) 1.2475
Weighted Average Bid (%) 1.1485
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 86.5

*Individual allotments may vary due to rounding.

Last updated: 22 November 2016