Tender 99

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 29 July 2014. Details of the tender are set out below.

Series Offered 1.25% 21 February 2022
Series Number CAIN409
ISIN AU000XCLWAB3
Offered to Public ($million) 100
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 100
First Coupon Payment Due* 21 August 2014
Nominal Value of Principal for First Coupon Payment ($) 105.60

*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, 29 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. 99 are expected to be announced as soon as practicable after the closing time for the lodgement of bids on Tuesday, 29 July 2014.

Settlement Arrangements

Successful bids for Treasury Indexed Bonds offered in Tender No. 99 must be settled in the Austraclear System on Friday, 1 August 2014.

Last updated: 31 July 2014

Results

29 July 2014

Series Offered 1.25% 21 February 2022
Series ID CAIN409
ISIN AU000XCLWAB3
Offered to Public ($million) 100
Reserve Bank Take-up ($million)
Total Amount Offered ($million) 100
Amount Allotted to Public ($million) 100
Weighted Average Issue Yield (%) 0.8620
Coverage Ratio 6.620
Lowest Yield Accepted (%) 0.8475
Highest Yield Accepted (%) 0.8675
Total Amount of All Bids Received ($million) 662
Total Number of Bids 66
Total Number of Successful Bids 17
Number of Bids Allocated in Full 14
Best Bid (%) 0.8475
Worst Bid (%) 0.9450
Weighted Average Bid (%) 0.8927
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 44

*Individual allotments may vary due to rounding.

Last updated: 31 July 2014