Could we have another record Australia debt syndication?
By Sophia RodriguesPublished On 14 Jul 2020 , 10:22 AM
There is a possibility of a new record for Australia's debt issuance after the 21 November 2025 bond attracted order book of over A$49 billion. The number to beat is A$19 billion for the December 2030 bond which was a record syndication issuance achieved in May.
The price is expected to be set at a spread of 18.5bps over primary three-year Treasury Bond futures contract (indicative is 17bps to 20bps), which translates to yield of 0.495%.
The AOFM is expected to announce the issuance pricing soon. BofA Securities, J.P. Morgan Securities Australia Limited, UBS AG, Australia Branch and Westpac Institutional Bank are Joint Lead Managers.
The RBA has announced it will buy A$3 billion of the April 2023 and April 2024 government bonds under the yield targe...Published on : 26 Feb 2021 , 11:38 AM
After reducing weekly T-Notes tenders to just A$1.0 billion (lowest since March last year) last two times, the AOFM m...Published on : 26 Feb 2021 , 10:56 AM
All eyes on the RBA today for any announcement on bond purchases under the three-year yield target policy. Since Nove...Published on : 26 Feb 2021 , 10:35 AM
Australia's wage price index beat expectations with a 0.6% q/q and 1.4% y/y rise in December 2020 quarter, data p...Published on : 24 Feb 2021 , 11:37 AM
The AOFM sold A$2 billion of the 1.25% May 2032 government bond at weighted average issue yield of 1.6900%.&nbs...Published on : 24 Feb 2021 , 11:20 AM
Looking ahead to the results of the AOFM's tender of A$2 billion of 1.25% May 20232 government bonds in about 15...Published on : 24 Feb 2021 , 10:46 AM
The RBA meets market expectation by announcing purchase of bonds under the three-year yield target policy, apart from...Published on : 22 Feb 2021 , 11:34 AM
Market looking forward to RBA's bond-buying announcement today for purchases under three-year yield target policy...Published on : 22 Feb 2021 , 10:58 AM
Westpac's chief economist Bill Evans has raised his forecast for US 10-year bond yield to 1.8% from 1.5% by the e...Published on : 19 Feb 2021 , 04:28 PM
Australia's unemployment rate fell to 6.4% in January from 6.6% as the number of employed rose 29,100 while the n...Published on : 18 Feb 2021 , 12:08 PM