Tender 89

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 11 February 2014. Details of the tender are set out below.

Series Offered 2.00% 21 August 2035
Series Number CAIN410
ISIN AU000XCLWAF4
Offered to Public ($million) 200
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 200
First Coupon Payment Due* 21 May 2014
Nominal Value of Principal for First Coupon Payment ($) 102.15

*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, 11 February 2014.

All bids must comply with the Information Memorandum for Treasury Indexed Bonds [PDF 167KB | RTF 1.3MB] dated 4 February 2014, a copy of which is available on the Australian Office of Financial Management’s website.

Announcement of Results

The results of Tender No. 89 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Tuesday, 11 February 2014.

Settlement Arrangements

Successful bids for Treasury Indexed Bonds offered in Tender No. 89 must be settled in the Austraclear System on Friday, 14 February 2014.

Last updated: 21 March 2014

Results

11 February 2014

Series Offered 2.00% 21 August 2035
Series ID CAIN410
ISIN AU000XCLWAF4
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 (%) 2.1635
Coverage Ratio 3.74
Lowest Yield Accepted (%) 2.1525
Highest Yield Accepted (%) 2.1725
Total Amount of All Bids Received ($million) 748
Total Number of Bids 82
Total Number of Successful Bids 17
Number of Bids Allocated in Full 15
Best Bid (%) 2.1525
Worst Bid (%) 2.2925
Weighted Average Bid (%) 2.1967
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 56

*Individual allotments may vary due to rounding.

Last updated: 21 March 2014