AOFM sells Nov 2024 bond at 0.3576%
By Sophia Rodrigues
Published On 22 May 2020 , 11:04 AMThe AOFM has sold A$2.0 billion of 0.25% November 2024 government bond at a weighted average issue yield of 0.3576%. The coverage ratio was 4.6160, just shy of the previous issue when it was 4.8666 times. The lowest yield today was 0.3550% and the highest 0.3600%.
There were 40 bids in total, and only 13 were successful, and among them 6 got 100% allotment.
With this issue, this bond line has now increased to A$18.0 billion. The bond was first issued via syndication on April 15 for A$13 billion at weighted average yield of 0.47, and re-issued on May 1 for A$3.0 billion at weighted average issue yield was 0.3866%.
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