Tender 170

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 14 August 2018. Details of the tender are set out below.

Series Offered 0.75% 21 November 2027
Series Number CAIN414
ISIN AU000XCLWAV1
Offered to Public ($million) 150
First Coupon Payment Due* 21 November 2018
Nominal Value of Principal for First Coupon Payment ($) 102.32

*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, 14 August 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, 16 August 2018.

Last updated: 14 August 2018

Results

14 August 2018

Series Offered 0.75% 21 November 2027
Series ID CAIN414
ISIN AU000XCLWAV1
Offered to Public ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 0.7099
Coverage Ratio 4.3800
Lowest Yield Accepted (%) 0.6975
Highest Yield Accepted (%) 0.7150
Total Amount of All Bids Received ($million) 657
Total Number of Bids 40
Total Number of Successful Bids 6
Number of Bids Allocated in Full 3
Best Bid (%) 0.6975
Worst Bid (%) 0.7975
Weighted Average Bid (%) 0.7327
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 51.7

*Individual allotments may vary due to rounding.

Last updated: 14 August 2018