Tender 173

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 13 November 2018. Details of the tender are set out below.

Series Offered 1.25% 21 February 2022
Series Number CAIN409
ISIN AU000XCLWAB3
Offered to Public ($million) 150
First Coupon Payment Due* 21 February 2019
Nominal Value of Principal for First Coupon Payment ($) 113.77

*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 Yieldbroker DEBTS, between 10.45 am and 11.00 am Australian Eastern Daylight Time on Tuesday, 13 November 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, 15 November 2018.

Last updated: 13 November 2018

Results

13 November 2018

Series Offered 1.25% 21 February 2022
Series ID CAIN409
ISIN AU000XCLWAB3
Offered to Public ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 0.4792
Coverage Ratio 4.5333
Lowest Yield Accepted (%) 0.4775
Highest Yield Accepted (%) 0.4825
Total Amount of All Bids Received ($million) 680
Total Number of Bids 29
Total Number of Successful Bids 5
Number of Bids Allocated in Full 3
Best Bid (%) 0.4775
Worst Bid (%) 0.5325
Weighted Average Bid (%)  0.4974
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 50

*Individual allotments may vary due to rounding.

Last updated: 13 November 2018