Tender 182

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 11 June 2019. Details of the tender are set out below.

Series Offered 1.25% 21 February 2022
Series Number CAIN409
ISIN AU000XCLWAB3
Offered to Public ($million) 150
First Coupon Payment Due* 21 August 2019
Nominal Value of Principal for First Coupon Payment ($) 114.63

*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 Standard Time on Tuesday, 11 June 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, 13 June 2019.

Last updated: 11 June 2019

Results

11 June 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 (%) -0.1899
Coverage Ratio 3.4667
Lowest Yield Accepted (%) -0.2000
Highest Yield Accepted (%) -0.1825
Total Amount of All Bids Received ($million) 520
Total Number of Bids 28
Total Number of Successful Bids 9
Number of Bids Allocated in Full 7
Best Bid (%) -0.2000
Worst Bid (%) -0.0975
Weighted Average Bid (%)  -0.1664
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 14.3

*Individual allotments may vary due to rounding.

Last updated: 11 June 2019