Tender 86

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 12 November 2013. Details of the tender are set out below.

Series Offered 2.50%  20 September 2030
Series Number CAIN408
ISIN AU000XCLWV6
Offered to Public ($million) 150
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 150
First Coupon Payment Due* 20  December 2013
Nominal Value of Principal for First Coupon Payment ($) 108.32

*Coupons will be paid at quarterly intervals thereafter.

Lodgement 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 Daylight Time on Tuesday, 12 November 2013.

All bids must comply with the Information Memorandum for Treasury Indexed Bonds [PDF 167KB | RTF 1.3MB] dated 11 October 2013, a copy of which is available on the Australian Office of Financial Management’s website.

Announcement of Results

The results of Tender No. 86 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Tuesday, 12 November 2013.

Settlement Arrangements

Successful bids for Treasury Indexed Bonds  offered in Tender No. 86 must be settled  in the Austraclear System on Friday, 15 November 2013.

Last updated: 15 January 2014

Results

12 November 2013

Series Offered 2.50% 20 September 2030
ISIN AU0000XCLWV6
Offered to Public ($million) 150
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 2.0900
Lowest Yield Accepted (%) 2.0800
Highest Yield Accepted (%) 2.1025
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 14
Coverage Ratio 3.51

* Individual allotments may vary due to rounding.

Last updated: 15 January 2014