Tender 151

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 27 June 2017. Details of the tender are set out below.

Series Offered 2.50% 20 September 2030
Series Number CAIN408
ISIN AU0000XCLWV6
Offered to Public ($million) 150
First Coupon Payment Due* 20 September 2017
Nominal Value of Principal for First Coupon Payment ($) 116.37

*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, 27 June 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, 29 June 2017.

Last updated: 27 June 2017

Results

27 June 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 (%) 0.6562
Coverage Ratio 3.5867
Lowest Yield Accepted (%) 0.6450
Highest Yield Accepted (%) 0.6625
Total Amount of All Bids Received ($million) 538
Total Number of Bids 48
Total Number of Successful Bids 21
Number of Bids Allocated in Full 14
Best Bid (%) 0.6450
Worst Bid (%) 0.8025
Weighted Average Bid (%) 0.6852
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 35.6

*Individual allotments may vary due to rounding.

Last updated: 27 June 2017