Tender 180

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Indexed Bonds on Tuesday, 14 May 2019. Details of the tender are set out below.

Series Offered 3.00% 20 September 2025
Series Number CAIN407
ISIN AU0000XCLWP8
Offered to Public ($million) 150
First Coupon Payment Due* 20 June 2019
Nominal Value of Principal for First Coupon Payment ($) 123.15

*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 Standard Time on Tuesday, 14 May 2019.

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 May 2019.

Last updated: 15 May 2019

Results

14 May 2019

Series Offered 3.00% 20 September 2025
Series ID CAIN407
ISIN AU0000XCLWP8
Offered to Public ($million) 150
Amount Allotted to Public ($million) 150
Weighted Average Issue Yield (%) 0.0924
Coverage Ratio 4.3000
Lowest Yield Accepted (%) 0.0825
Highest Yield Accepted (%) 0.0975
Total Amount of All Bids Received ($million) 645
Total Number of Bids 38
Total Number of Successful Bids 12
Number of Bids Allocated in Full 8
Best Bid (%) 0.0825
Worst Bid (%) 0.1775
Weighted Average Bid (%) 0.1101
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 26.1

*Individual allotments may vary due to rounding.

Last updated: 15 May 2019