AOFM's run for strong demand at bond tender continues

By Sophia Rodrigues

The 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.