Tender 148

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 9 May 2017. Details of the tender are set out below.

Series Offered 2.50% 20 September 2030
Series Number CAIN408
ISIN AU0000XCLWV6
Offered to Public ($million) 150
First Coupon Payment Due* 20 June 2017
Nominal Value of Principal for First Coupon Payment ($) 115.79

*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, 9 May 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, 11 May 2017.

Last updated: 9 May 2017

Results

9 May 2017

Series Offered 2.50% 20 September 2030
Series ID CAIN408
ISIN AU0000XCLWV6
Offered to Public ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 0.8288
Coverage Ratio 3.1000
Lowest Yield Accepted (%) 0.8125
Highest Yield Accepted (%) 0.8350
Total Amount of All Bids Received ($million) 465
Total Number of Bids 43
Total Number of Successful Bids 12
Number of Bids Allocated in Full 9
Best Bid (%) 0.8125
Worst Bid (%) 0.9200
Weighted Average Bid (%) 0.8500
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 88.9

*Individual allotments may vary due to rounding.

Last updated: 9 May 2017