AOFM gets record coverage for A$1.5B May 2030 bond tender
By Sophia Rodrigues
Published On 22 Apr 2020 , 11:16 AMThe AOFM has sold A$1.5 billion of 2.5% May 2030 government bond at a weighted average yield of 0.8460%. The cut-off yield was 0.8475% and the lowest yield was 0.8425%.
The coverage ratio was 4.29 times with A$6.43 billion of bids received. The coverage ratio for this bond was the highest in 30 issues so far (including today). The previous high was 4.19 times at the auction in November for A$800 million.
With this issue, the total outstanding issue of this bond has risen to A$29.4 billion, making it the fourth largest behind the April 2026, April 2027 and April 2029 bond. At the last auction on April 6 for A$2.0 billion, the bond was sold at a weighted average yield of 0.2450, and cutoff rate also of 0.2450%
LATEST SNIPPETS
RBNZ Lifts OCR 25bps to 2.75%
The Reserve Bank of New Zealand lifted the Official Cash Rate by 25bps to 2.75%. The decision was reached by consensu...
Published on : 02 Sep 2026 , 12:15 PMAustralia And $1T Issuance
Australian Commonwealth securities on issue have crossed A$1 trillion. It is not the same as debt crossing A$1 trilli...
Published on : 02 Sep 2026 , 10:51 AMWhy RBA Meeting Dates Are Near-Rigid
Central banks announce monetary policy meeting dates up to two years in advance. For example, as of today, the Reserv...
Published on : 01 Sep 2026 , 10:46 AMRBA Stays on Hold
The Reserve Bank of Australia left the cash rate on hold at 4.35%, judging policy to be somewhat restrictive, while i...
Published on : 11 Aug 2026 , 02:39 PMRBNZ Raises OCR 25bps to 2.50%
The Reserve Bank of New Zealand lifted the Official Cash Rate by 25bps to 2.50%. The decision was reached by consensu...
Published on : 08 Jul 2026 , 12:30 PMRBA Retains Cash Rate At 4.35%
The Reserve Bank of Australia left the cash rate unchanged at 4.35%, in line with expectations.
Headline an...
Published on : 16 Jun 2026 , 02:43 PMRBNZ Leaves OCR Unchanged at 2.25%
The Reserve Bank of New Zealand left the OCR unchanged at 2.25% in a decision that saw Governor Anna Breman use her c...
Published on : 27 May 2026 , 12:14 PMRBA Delivers Third Hike in a Row
The Reserve Bank of Australia lifted the cash rate by 25bps to 4.35%, delivering its third straight rate hike and tak...
Published on : 05 May 2026 , 02:35 PMRBA Monetary Policy Board members to give speeches late-May/early June
Two external board members of the RBA's Monetary Policy Board are scheduled to deliver speeches in late May-early...
Published on : 22 Apr 2026 , 03:49 PMRBNZ Maintains OCR at 2.25%
The Reserve Bank of New Zealand left the Official Cash Rate unchanged at 2.25% but signalled it is prepared to lift t...
Published on : 08 Apr 2026 , 12:10 PM