Tender 154

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 12 September 2017. Details of the tender are set out below.

Series Offered 1.25% 21 February 2022
Series Number CAIN409
ISIN AU000XCLWAB3
Offered to Public ($million) 150
First Coupon Payment Due* 21 November 2017
Nominal Value of Principal for First Coupon Payment ($) 111.10

*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, 12 September 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, 14 September 2017.

Last updated: 12 September 2017

Results

12 September 2017

Series Offered 1.25% 21 February 2022
Series ID CAIN409
ISIN AU000XCLWAB3
Offered to Public ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 0.4025
Coverage Ratio 3.9800
Lowest Yield Accepted (%) 0.3950
Highest Yield Accepted (%) 0.4100
Total Amount of All Bids Received ($million) 597
Total Number of Bids 39
Total Number of Successful Bids 13
Number of Bids Allocated in Full 8
Best Bid (%) 0.3950
Worst Bid (%) 0.4600
Weighted Average Bid (%) 0.4208
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 26.7

*Individual allotments may vary due to rounding.

Last updated: 12 September 2017