Tender 87

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 26 November 2013. Details of the tender are set out below.

Series Offered 1.25% 21 February 2022
Series Number CAIN409
ISIN AU000XCLWAB3
Offered to Public ($million) 200
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 200
First Coupon Payment Due* 21 February 2014
Nominal Value of Principal for First Coupon Payment ($) 103.89

*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, 26 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. 87 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Tuesday, 26 November 2013.

Settlement Arrangements

Successful bids for Treasury Indexed Bonds  offered in Tender No. 87 must be settled  in the Austraclear System on Friday, 29 November 2013.

Last updated: 15 January 2014

Results

26 November 2013

Series Offered 1.25% 21 February 2022
ISIN AU000XCLWAB3
Offered to Public ($million) 200
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 200
Amount Allotted to Public ($million) 200
Weighted Average Issue Yield (%) 1.6139
Lowest Yield Accepted (%) 1.6050
Highest Yield Accepted (%) 1.6275
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 1
Coverage Ratio 5.22

* Individual allotments may vary due to rounding.

Last updated: 15 January 2014