AOFM issue guidance for new issuance in 2020-21
By Sophia Rodrigues
Published On 03 Jul 2020 , 12:18 PMAOFM issues guidance for new issuance in 2020-21 that will apply until the 2020-21 federal budget is handed down in October.
Following are the details:
--Treasury bond issuance to be A$4 billion to A$5 billion in most weeks.
--Treasury Notes to be A$2 billion to A$4 billion in most weeks.
--New bond lines maturing in 2025, 2026, 2031 and 2032 will be established via syndication. Also, a new 30-year bond line maturing in June 2051 will be issued via syndication by September 2020*, subject to market conditions.
--Syndicated taps of existing long-dated Treasury Bond lines will remain under consideration consistent with past practice, however, the launch of the new 2051 line will be the priority.
--No plans to resume regular bond buyback tenders during 2020-21.
(corrected to September 2020, following revised release issued by AOFM)
LATEST SNIPPETS
AOFM announces joint lead managers to 2030 syndication
AOFM has announced joint lead managers for the planned syndication of the new December 2030 government bond next week...
Published on : 08 May 2020 , 12:51 PMAOFM to sell new bond line maturing 2030 via syndication
The AOFM has announced a new bond line to be issued via syndication. The bond is December 2030. The joint...
Published on : 08 May 2020 , 12:15 PMFrom RBA's May SOMP Baseline Forecasts
From the RBA’s May Statement on Monetary Policy:
Baseline Scenario:
--GDP growth -8% June 2...
Published on : 08 May 2020 , 11:32 AMAOFM sells A$1.5B 2023 bond below RBA's 0.25% target
The AOFM has sold A$1.5 billion of 5.5% April 2023 government bond at a weighted average yield of 0.2348%.&...
Published on : 08 May 2020 , 11:05 AMNZ inflation expectations lowest on record; house price seen -5% in a year.
New Zealand inflation expectations fell to the lowest on record, with one-year consumer price index inflation at 0.74...
Published on : 07 May 2020 , 01:14 PMRBA buys A$600M of semis
The RBA bought A$600 million of semis via bond-buying auction today within the maturity January 2021 to December 2023...
Published on : 06 May 2020 , 05:07 PMAOFM sells 2031 bond at weighted avg yield 0.9369%
The AOFM has sold A$2.5 billion of 1.25% June 2031 government bond at a weighted average yield of 0.9369%. ...
Published on : 06 May 2020 , 11:10 AMRBA buys A$500m govt bonds, mostly Nov 2027
The RBA bought A$500 million of April 2027 to November 2028 government bonds, focusing 65% of the purchase on the Nov...
Published on : 04 May 2020 , 04:19 PMRBA buying April 2027-Nov 2028 bonds
After pausing on Thursday, the RBA is back to buying government bonds via auction. The RBA is buying A$500 million of...
Published on : 04 May 2020 , 02:44 PMAOFM's run for strong demand at bond tender continues
The AOFM has sold A$1.5 billion of 3.25% April 2025 government bond at a weighted average yield of 0.3888%. ...
Published on : 04 May 2020 , 11:05 AM