Tender 175

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 12 February 2019. Details of the tender are set out below.

Series Offered 1.25% 21 February 2022
Series Number CAIN409
ISIN AU000XCLWAB3
Offered to Public ($million) 150
First Coupon Payment Due* 21 May 2019
Nominal Value of Principal for First Coupon Payment ($) 114.33

*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 Yieldbroker DEBTS, between 10.45 am and 11.00 am Australian Eastern Daylight Time on Tuesday, 12 February 2019.

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 February 2019.

Last updated: 12 February 2019

Results

12 February 2019

Series Offered 1.25% 21 February 2022
Series ID CAIN409
ISIN AU000XCLWAB3
Offered to Public ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 0.2366
Coverage Ratio 3.5333
Lowest Yield Accepted (%) 0.2250
Highest Yield Accepted (%) 0.2475
Total Amount of All Bids Received ($million) 530
Total Number of Bids 36
Total Number of Successful Bids 14
Number of Bids Allocated in Full 12
Best Bid (%) 0.2250
Worst Bid (%) 0.3725
Weighted Average Bid (%)  0.2719
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 50

*Individual allotments may vary due to rounding.

Last updated: 12 February 2019