Tender 98

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 8 July 2014. Details of the tender are set out below.

Series Offered 1.00% 21 November 2018
Series Number CAIN412
ISIN AU000XCLWAJ6
Offered to Public ($million) 300
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 300
First Coupon Payment Due* 21 August 2014
Nominal Value of Principal for First Coupon Payment ($) 101.65

*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, 8 July 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. 98 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Tuesday, 8 July 2014.

Settlement Arrangements

Successful bids for Treasury Indexed Bonds offered in Tender No. 98 must be settled in the Austraclear System on Friday, 11 July 2014.

Last updated: 8 July 2014

Results

8 July 2014

Series Offered 1.00% 21 November 2018
Series ID CAIN412
ISIN AU000XCLWAJ6
Offered to Public ($million) 300
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 300
Amount Allotted to Public ($million) 300
Weighted Average Issue Yield (%) 0.5971
Coverage Ratio 3.067
Lowest Yield Accepted (%) 0.5850
Highest Yield Accepted (%) 0.6050
Total Amount of All Bids Received ($million) 920
Total Number of Bids 65
Total Number of Successful Bids 22
Number of Bids Allocated in Full 16
Best Bid (%) 0.5850
Worst Bid (%) 0.6800
Weighted Average Bid (%) 0.6144
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 27

*Individual allotments may vary due to rounding.

Last updated: 8 July 2014