AOFM raises A$15B from sale via syndication of new 2051 bond
By Sophia Rodrigues
Published On 28 Jul 2020 , 11:58 AMThe Australian government has raised $15 billion from the sale of the new 1.75% June 2051 bond via syndication, after the orderbook closed at A$36.8 billion. The price of 98bps over the implied bid yield for the primary ten-year Treasury Bond futures contract works out to a yield of 1.92%.
The deal size is at the top end of the earlier range of A$12 billion to A$15 billion. The issue will settle on August 5.
ANZ, Commonwealth Bank of Australia, Deutsche Bank, J.P. Morgan Securities Australia Limited and UBS AG, Australia Branch are Joint-Lead Managers for the issue.
The Australian Office of Financial Management said there will be no further issuance of this Treasury Bond prior to November 2020 and it will mindful of the performance of the bond when considering the timing of future issuance.
LATEST SNIPPETS
RBA 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 AMAOFM tenders next week total A$10.5B
The AOFM has announced the following tenders for next week, totaling A$5.5 billion of bonds and A$5.0 billi...
Published on : 01 May 2020 , 12:06 PMStrong demand for AOFM's 2024 tender; coverage 4.8 times
The AOFM has sold A$3.0 billion of 0.25% November 2024 government bond at a weighted average yield of 0.386...
Published on : 01 May 2020 , 11:06 AMRBA pauses for first time, No bond-buying auction today
For the first time since it began bond-buying via auctions, the RBA is not conducting any purchases today. Last week,...
Published on : 30 Apr 2020 , 12:03 PMHighlights of Australia Q1 CPI
Highlights of Australia Q1 CPI published by the Australian Bureau of Statistics Wednesday:
--Headline...
Published on : 29 Apr 2020 , 11:48 AMAOFM sells A$2.5B of 2032 bond but yld up, coverage down
The AOFM has sold A$2.5 billion of 1.25% May 2032 government bond at a weighted average yield of 1.0722%. T...
Published on : 28 Apr 2020 , 11:06 AMRBA buys A$500m bonds, total buying now A$49.3B
The RBA bought A$500 million of government bonds today, spreading its purchases across all the three bonds meeting it...
Published on : 27 Apr 2020 , 04:14 PMNo pause in RBA bond-buying yet
No pause yet in RBA's bond buying, with announcement today to buy A$500 million of government bonds maturing in t...
Published on : 27 Apr 2020 , 12:29 PM