AOFM sells May 2032 bond at 1.69% weighted average yield
By Sophia RodriguesPublished On 24 Feb 2021 , 11:20 AM
The AOFM sold A$2 billion of the 1.25% May 2032 government bond at weighted average issue yield of 1.6900%.
As expected, the difference between the lowest and highest accepted yield was wider at 1.25bps. Still, it was a decent outcome considering the spread was as high as 4.25bps at the tender of this bond in April last year at the height of the pandemic.
Coverage ratio was 2.5825 times, very similar to tender of the same bond in November last year but slightly lower than past average of over 3 times.
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