Tender 165

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 8 May 2018. Details of the tender are set out below.

Series Offered 2.50% 20 September 2030
Series Number CAIN408
ISIN AU0000XCLWV6
Offered to Public ($million) 150
First Coupon Payment Due* 20 June 2018
Nominal Value of Principal for First Coupon Payment ($) 117.96

*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 May 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, 10 May 2018.

Last updated: 8 May 2018

Results

8 May 2018

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 (%) 0.8357
Coverage Ratio 3.4333
Lowest Yield Accepted (%) 0.8300
Highest Yield Accepted (%) 0.8400
Total Amount of All Bids Received ($million) 515
Total Number of Bids 37
Total Number of Successful Bids 10
Number of Bids Allocated in Full 7
Best Bid (%) 0.8300
Worst Bid (%) 0.9250
Weighted Average Bid (%) 0.8548
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 80

*Individual allotments may vary due to rounding.

Last updated: 8 May 2018