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
Australia's core CPI in RBA target band for first time since 2015
Australia's Q3 CPI shows core inflation rising into RBA's target band for the first time since 2015 (and impo...
Published on : 27 Oct 2021 , 11:39 AMAustralia's big four banks on RBA's 0.1% April 2024 target
Big four banks on the RBA's 0.1% target on April 2024 bond:
--ANZ expects the RBA to drop the target wh...
Published on : 27 Oct 2021 , 10:55 AMANZ economists expect RBA to drop April 2024 target if guidance shifts
Economists at ANZ Bank expect the RBA to drop the 10bps target on April 2024 bond if it brings forward timing for the...
Published on : 27 Oct 2021 , 09:18 AMAustralian dollar currency notes on issue crosses 100 billion
The amount of Australian dollar currency notes on issue crossed the A$100 billion mark this week, rising to A$100.153...
Published on : 22 Oct 2021 , 05:25 PMSome Facts On RBA/AOFM Bond Lending Facility
Following RBA announcement after market hours Tuesday about indicative fee for borrowing (RBA as lender) April 2023 a...
Published on : 20 Oct 2021 , 10:12 AMRBNZ's Hawkesby Promoted to Deputy Governor
The Reserve Bank of New Zealand has announced the promotion Christian Hawkesby to the position of deputy governor, ef...
Published on : 06 Oct 2021 , 12:00 AMBig Four Banks Forecast for RBA Cash Rate
Big four banks' forecast for the RBA cash rate:
--ANZ expects first rate hike in 1H of 2024. "Our...
Published on : 17 Sep 2021 , 10:50 AMRBA Lowe's speech at 1300 hours today
Small change in timing of RBA Governor Philip Lowe's speech this afternoon, now at 1300 hours Sydney time (was 12...
Published on : 14 Sep 2021 , 11:55 AMAOFM's 2032 Treasury Indexed Bond Syndication likely A$3.0B
The AOFM is expected to issue A$3.0 billion of 0.25% November 2032 Treasury Indexed Bond after orderbook topped A$7.1...
Published on : 24 Aug 2021 , 09:10 AMAOFM's 2032 Treasury Indexed Bond Syndication Attracts A$3.3B
The AOFM's syndication of 0.25% November 2032 Treasury Indexed Bond attracted orderbook over A$3.3 billion by 130...
Published on : 23 Aug 2021 , 02:23 PM