Tender 168

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 26 June 2018. Details of the tender are set out below.

Series Offered 2.50% 20 September 2030
Series Number CAIN408
ISIN AU0000XCLWV6
Offered to Public ($million) 150
First Coupon Payment Due* 20 September 2018
Nominal Value of Principal for First Coupon Payment ($) 118.60

*Coupons will be paid at quarterly intervals thereafter.

Lodgment 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, 26 June 2018.

All bids must comply with the Information Memorandum for Treasury Indexed Bonds [PDF 111KB | RTF 1.318MB] dated 3 October 2017.

Announcement of Results

The results of the tender are expected to be announced as soon as practicable after the closing time for the lodgment of bids.

Settlement Arrangements

Successful bids for Treasury Indexed Bonds offered in the tender must be settled in the Austraclear System on Thursday, 28 June 2018.

Last updated: 26 June 2018

Results

26 June 2018

Series Offered 2.50% 20 September 2030
Series ID CAIN408
ISIN AU0000XCLWV6
Offered to Public ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 0.7029
Coverage Ratio 3.3600
Lowest Yield Accepted (%) 0.6925
Highest Yield Accepted (%) 0.7175
Total Amount of All Bids Received ($million) 504
Total Number of Bids 36
Total Number of Successful Bids 10
Number of Bids Allocated in Full 10
Best Bid (%) 0.6925
Worst Bid (%) 0.7975
Weighted Average Bid (%) 0.7294
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100

*Individual allotments may vary due to rounding.

Last updated: 26 June 2018