Tender 147

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 11 April 2017. Details of the tender are set out below.

Series Offered 3.00% 20 September 2025
Series Number CAIN407
ISIN AU0000XCLWP8
Offered to Public ($million) 150
First Coupon Payment Due* 20 June 2017
Nominal Value of Principal for First Coupon Payment ($) 118.70

*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 Standard Time on Tuesday, 11 April 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, 13 April 2017.

Last updated: 11 April 2017

Results

11 April 2017

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 (%) 0.5408
Coverage Ratio 3.0000
Lowest Yield Accepted (%) 0.5325
Highest Yield Accepted (%) 0.5450
Total Amount of All Bids Received ($million) 450
Total Number of Bids 39
Total Number of Successful Bids 11
Number of Bids Allocated in Full 11
Best Bid (%) 0.5325
Worst Bid (%) 0.6425
Weighted Average Bid (%) 0.5585
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100

*Individual allotments may vary due to rounding.

Last updated: 11 April 2017