Tender 166

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 22 May 2018. Details of the tender are set out below.

Series Offered 0.75% 21 November 2027
Series Number CAIN414
ISIN AU000XCLWAV1
Offered to Public ($million) 150
First Coupon Payment Due* 21 August 2018
Nominal Value of Principal for First Coupon Payment ($)  101.91

*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, 22 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, 24 May 2018.

Last updated: 22 May 2018

Results

22 May 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 (%) 0.8822
Coverage Ratio 3.2000
Lowest Yield Accepted (%) 0.8750
Highest Yield Accepted (%) 0.8925
Total Amount of All Bids Received ($million) 480
Total Number of Bids 31
Total Number of Successful Bids 10
Number of Bids Allocated in Full 7
Best Bid (%) 0.8750
Worst Bid (%) 0.9400
Weighted Average Bid (%) 0.9004
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 7.5

*Individual allotments may vary due to rounding.

Last updated: 22 May 2018