AOFM's run for strong demand at bond tender continues
By Sophia Rodrigues
Published On 04 May 2020 , 11:05 AMThe AOFM has sold A$1.5 billion of 3.25% April 2025 government bond at a weighted average yield of 0.3888%. The coverage ratio was 5.4333, with the lowest yield at 0.3850% and the highest at 0.3950%.
There were 41 bids in total, and only 15 were successful, and among them 7 got 100% allotment.
With this issue, this bond line has now increased A$29.4 billion. The last time this bond was issued was in November 2016 when the weighted average issue yield was 2.5613%.
The bond was first issued in May 2013.
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