Tender 146

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 28 March 2017. Details of the tender are set out below.

Series Offered 2.00% 21 August 2035
Series Number CAIN410
ISIN AU000XCLWAF4
Offered to Public ($million) 150
First Coupon Payment Due* 21 May 2017
Nominal Value of Principal for First Coupon Payment ($) 107.32

*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, 28 March 2017.

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, 30 March 2017.

Last updated: 28 March 2017

Results

28 March 2017

Series Offered 2.00% 21 August 2035
Series ID CAIN410
ISIN AU000XCLWAF4
Offered to Public ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 1.0930
Coverage Ratio 5.6267
Lowest Yield Accepted (%) 1.0875
Highest Yield Accepted (%) 1.0975
Total Amount of All Bids Received ($million) 844
Total Number of Bids 49
Total Number of Successful Bids 10
Number of Bids Allocated in Full 6
Best Bid (%) 1.0875
Worst Bid (%) 1.1775
Weighted Average Bid (%) 1.1125
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 41.2

*Individual allotments may vary due to rounding.

Last updated: 28 March 2017