Tender 143

Announcement

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

Series Offered 3.00% 20 September 2025
Series Number CAIN407
ISIN AU0000XCLWP8
Offered to Public ($million) 200
First Coupon Payment Due* 20 March 2017
Nominal Value of Principal for First Coupon Payment ($) 117.95

*Coupons will be paid at quarterly intervals thereafter.

Lodgment 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, 13 December 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 lodgment of bids.

Settlement Arrangements

Successful bids for Treasury Indexed Bonds offered in the tender must be settled in the Austraclear System on Thursday, 15 December 2016.

Last updated: 13 December 2016

Results

13 December 2016

Series Offered 3.00% 20 September 2025
Series ID CAIN407
ISIN AU0000XCLWP8
Offered to Public ($million) 200
Amount Allotted to Public ($million) 200
Weighted Average Issue Yield (%) 0.7462
Coverage Ratio 2.0950
Lowest Yield Accepted (%) 0.7325
Highest Yield Accepted (%) 0.7600
Total Amount of All Bids Received ($million) 419
Total Number of Bids 39
Total Number of Successful Bids 22
Number of Bids Allocated in Full 19
Best Bid (%) 0.7325
Worst Bid (%) 0.8475
Weighted Average Bid (%) 0.7707
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 15

*Individual allotments may vary due to rounding.

Last updated: 13 December 2016