Tender 164

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 10 April 2018. Details of the tender are set out below.

Series Offered 0.75% 21 November 2027
Series Number CAIN414
ISIN AU000XCLWAV1
Offered to Public ($million) 150
First Coupon Payment Due* 21 May 2018
Nominal Value of Principal for First Coupon Payment ($) 101.36

*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, 10 April 2018.

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, 12 April 2018.

Last updated: 10 April 2018

Results

10 April 2018

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 (%) 0.7075
Coverage Ratio 2.7333
Lowest Yield Accepted (%) 0.7025
Highest Yield Accepted (%) 0.7125
Total Amount of All Bids Received ($million) 410
Total Number of Bids 26
Total Number of Successful Bids 10
Number of Bids Allocated in Full 10
Best Bid (%) 0.7025
Worst Bid (%) 0.7725
Weighted Average Bid (%) 0.7247
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100

*Individual allotments may vary due to rounding.

Last updated: 10 April 2018