Tender 159

Announcement

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

Series Offered 1.25% 21 August 2040
Series Number CAIN413
ISIN AU000XCLWAO6
Offered to Public ($million) 150
First Coupon Payment Due* 21 February 2018
Nominal Value of Principal for First Coupon Payment ($) 104.25

*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, 12 December 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, 14 December 2017.

Last updated: 12 December 2017

Results

12 December 2017

Series Offered 1.25% 21 August 2040
Series ID CAIN413
ISIN AU000XCLWAO6
Offered to Public ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 0.9236
Coverage Ratio 2.4467
Lowest Yield Accepted (%) 0.9175
Highest Yield Accepted (%) 0.9300
Total Amount of All Bids Received ($million) 367
Total Number of Bids 40
Total Number of Successful Bids 21
Number of Bids Allocated in Full 19
Best Bid (%) 0.9175
Worst Bid (%) 1.0300
Weighted Average Bid (%) 0.9530
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 12

*Individual allotments may vary due to rounding.

Last updated: 12 December 2017