AOFM sells A$3.0B Nov 2022 bond at 0.2544% weighted avg yield
By Sophia Rodrigues
Published On 20 Apr 2020 , 11:08 AMThe 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%