Australia govt makes record for new 2024 bond issue

By Sophia Rodrigues

Published On 15 Apr 2020 , 01:28 PM

The Australian government has set a record for a new bond issue, printing A$13 billion of the new 0.25% November 2024 bond. The issue is being done via syndication deal with ANZ, Deutsche Bank, UBS AG, Australia Branch and Westpac Institutional Bank acting as Joint-Lead Managers. It will be priced later this afternoon. The bond attracted orders around A$25 billion. 

The previous record for a new bond issue was A$11 billion of the November 2028 bond issues in February 2017.

Read preview story on this here https://centralbankintel.com/newsdetails/analysis-australias-new-2024-syndicated-issue-could-make-new-record

LATEST SNIPPETS

AOFM sells 2025 bond at record low yield, record high coverage

The AOFM has sold A$1.0 billion of 3.25% April 2025 government bond at a weighted average issue yield...

Published on : 29 May 2020 , 11:05 AM
AOFM sells May 2030 bond at 0.8919%, up from 0.8118% on April 6

The AOFM has sold A$2.0 billion of 2.5% May 2030 government bond at a weighted average issue yield of 0.891...

Published on : 26 May 2020 , 11:05 AM
RBA Lowe at parliamentary hearing via videoconference on Thu

RBA governor Philip Lowe will appear before a Select Senate Committee on COVID-19 on Thursday. Lowe will answer quest...

Published on : 25 May 2020 , 06:37 PM
AOFM sells Nov 2022 bond at record low tender yield 0.2384%

The AOFM has sold A$2.0 billion of 2.25% November 2022 government bond at a weighted average issue yield of...

Published on : 25 May 2020 , 11:05 AM
AOFM provides issuance update; no more syndication this year

The AOFM has announced an issuance update today, saying total gross bond issuance for 2019-20 would be A$130 billion,...

Published on : 22 May 2020 , 12:15 PM
AOFM sells Nov 2024 bond at 0.3576%

The AOFM has sold A$2.0 billion of 0.25% November 2024 government bond at a weighted average issue yield of 0.35...

Published on : 22 May 2020 , 11:04 AM
T-notes tender beyond six months may be back today

The decision to issue T-notes beyond six-month maturity is a tricky one for the AOFM, as it needs to balance the slig...

Published on : 22 May 2020 , 08:59 AM
Important to note sharp April retail sales fall came after March jump

The 17.9% m/m record fall in retail sales (preliminary) for April published by the Australian Bureau of Statistics to...

Published on : 20 May 2020 , 12:31 PM
AOFM sells 2032 bond at 1.0672% Yield

The AOFM has sold A$2.0 billion of 1.25% May 2032 government bond at a weighted average yield of 1.0672%.&n...

Published on : 20 May 2020 , 11:05 AM
ANZ analysts see total A$300B AGS issuance now to June 2021

ANZ analysts expect total issuance of Australian government securities to exceed A$300 billion between now and June 3...

Published on : 20 May 2020 , 10:21 AM