Tender 153

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 8 August 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, 8 August 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, 10 August 2017.

Last updated: 8 August 2017

Results

8 August 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 (%) 0.8959
Coverage Ratio 7.0400
Lowest Yield Accepted (%) 0.8825
Highest Yield Accepted (%) 0.9000
Total Amount of All Bids Received ($million) 1,056
Total Number of Bids 56
Total Number of Successful Bids 10
Number of Bids Allocated in Full 7
Best Bid (%) 0.8825
Worst Bid (%) 0.9975
Weighted Average Bid (%) 0.9244
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 94.1

*Individual allotments may vary due to rounding.

Last updated: 8 August 2017