Tender 158

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 28 November 2017. Details of the tender are set out below.

Series Offered 0.75% 21 November 2027
Series Number CAIN414
ISIN AU000XCLWAV1
Offered to Public ($million) 150
First Coupon Payment Due* 21 February 2018
Nominal Value of Principal for First Coupon Payment ($) 100.73

*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 Daylight Time on Tuesday, 28 November 2017.

All bids must comply with the Information Memorandum for Treasury Indexed Bonds [PDF 111KB | RTF 1.318MB] dated 3 October 2017.

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, 30 November 2017.

Last updated: 28 November 2017

Results

28 November 2017

Series Offered 0.75% 21 November 2027
Series ID CAIN414
ISIN AU000XCLWAV1
Offered to Public ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 0.6407
Coverage Ratio 4.8333
Lowest Yield Accepted (%) 0.6400
Highest Yield Accepted (%) 0.6500
Total Amount of All Bids Received ($million) 725
Total Number of Bids 47
Total Number of Successful Bids 2
Number of Bids Allocated in Full 1
Best Bid (%) 0.6400
Worst Bid (%) 0.7350
Weighted Average Bid (%) 0.6657
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 40

*Individual allotments may vary due to rounding.

Last updated: 28 November 2017