Tender 95

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 20 May 2014. 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 ($million) 200
First Coupon Payment Due* 21 August 2014
Nominal Value of Principal for First Coupon Payment ($) 104.90

*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 Standard Time on Tuesday, 20 May 2014.

All bids must comply with the Information Memorandum for Treasury Indexed Bonds [PDF 145KB | RTF 1.3MB] dated 4 February 2014.

Announcement of Results

The results of Tender No. 95 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Tuesday, 20 May 2014.

Settlement Arrangements

Successful bids for Treasury Indexed Bonds offered in Tender No. 95 must be settled in the Austraclear System on Friday, 23 May 2014.

Last updated: 2 June 2014

Results

20 May 2014

Series Offered 1.25% 21 February 2022
Series ID CAIN409
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 (%) 1.0660
Coverage Ratio 4.360
Lowest Yield Accepted (%) 1.0525
Highest Yield Accepted (%) 1.0725
Total Amount of All Bids Received ($million) 872
Total Number of Bids 79
Total Number of Successful Bids 24
Number of Bids Allocated in Full 20
Best Bid (%) 1.0525
Worst Bid (%) 1.1600
Weighted Average Bid (%)  1.0962
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 75.7

*Individual allotments may vary due to rounding.

Last updated: 2 June 2014