AOFM sells A$3.0B Nov 2022 bond at 0.2544% weighted avg yield

By Sophia Rodrigues

Published On 20 Apr 2020 , 11:08 AM

The AOFM has sold A$3.0 billion of 2.25% November 2022 government bond at a weighted average yield of 0.2544%. The cut-off yield was 0.2575% and the lowest yield was 0.2500%.

The coverage ratio was 4.19 times, in line with the average of the past three re-issues of this bond. 

With this issue, the total issue of this bond has risen to A$22.5 billion. 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%

 

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