Tender 91

Announcement

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

Series Offered 4.00% 20 August 2020
Series Number CAIN406
ISIN AU0000XCLWE2
Offered to Public ($million) 200
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 200
First Coupon Payment Due* 20 May 2014
Nominal Value of Principal for First Coupon Payment ($) 158.34

*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 March 2014.

All bids must comply with the Information Memorandum for Treasury Indexed Bonds [PDF 145KB | 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. 91 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Tuesday, 11 March 2014.

Settlement Arrangements

Successful bids for Treasury Indexed Bonds offered in Tender No. 91 must be settled in the Austraclear System on Friday, 14 March 2014.

Last updated: 26 March 2014

Results

11 March 2014

Series Offered 4.00% 20 August 2020
Series ID CAIN406
ISIN AU0000XCLWE2
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 (%) 1.2667
Coverage Ratio 4.51
Lowest Yield Accepted (%) 1.26
Highest Yield Accepted (%) 1.2725
Total Amount of All Bids Received ($million) 902
Total Number of Bids 76
Total Number of Successful Bids 15
Number of Bids Allocated in Full 13
Best Bid (%) 1.26
Worst Bid (%) 1.42
Weighted Average Bid (%) 1.3012
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 62

*Individual allotments may vary due to rounding.

Last updated: 26 March 2014