Record orderbook for Australia new 2031; Record issuance likely

By Sophia Rodrigues

Published On 26 Aug 2020 , 09:58 AM

Orderbook for the 1% 21 November 2031 Australia government bond has closed with a record A$65.5 billion, surpassing the previous high held by the December 2030 bond which attracted A$53.5 billion. The final price is 9bps over the implied bid yield on 10-year futures, compared with 8.5bps-9.5bps on Tuesday and a 8bps-11bps at the time of launch. This works out to yield of 1.035%

The issuance is expected to be A$18 billion to A$21 billion and could surpass the A$19 billion issuance size for the December 2030 bond syndicated in May.

Citigroup Global Markets Australia Pty Limited, Commonwealth Bank of Australia, UBS AG, Australia Branch and Westpac Institutional Bank are Joint-Lead Managers for the issue.

LATEST SNIPPETS

RBA buying A$3B bonds, April 2026-April 2029 maturity

The RBA is continuing with its bond-buying spree under the yield target policy but after two days of focusing on the...

Published on : 30 Mar 2020 , 11:57 AM
RBA to publish minutes on April 1 of special March board meeting

RBA will publish on April 1 the minutes of the special monetary policy announcement made on March 19. The meeting too...

Published on : 23 Mar 2020 , 06:15 PM
RBA Parliamentary Hearing Bit Unusual But Not Extraordinary

RBA deputy governor Guy Debelle will be appearing before the Economics Legislation Committee in Canberra late evening...

Published on : 04 Mar 2020 , 03:26 PM
Ex-centralbanker Says RBA Might Do 25+25, Not 50

An ex-centralbanker with strong experience in monetary policy during the global financial crisis says the RBA is more...

Published on : 02 Mar 2020 , 02:44 PM
Westpac Evans Expects RBA Cut Tue, QE by mid-year

Not much forecasting on RBA by Westpac's chief economist Bill Evans other than a 25bps cut in the cash rate...

Published on : 02 Mar 2020 , 11:14 AM
Australia Westpac-MI Consumer Sentiment Up But House Price Expectations More Imp For RBA

Consumer sentiment rose 2.3% to 95.5 in February, more than rebounding from the 1.8% fall in January, the Westpac-Mel...

Published on : 12 Feb 2020 , 10:41 AM
My tweets from first session of RBA's Parliamentary testimony today

RBA Lowe: If the unemployment rate were to be moving MATERIALLY in the wrong direction n there was no further progres...

Published on : 07 Feb 2020 , 10:59 AM
Westpac's Evans Now Expects RBA Cut in April, Aug (Previously Feb, June)

Westpac's chief economist Bill Evans has pushed back his forecast for RBA cash rate cut to April from February, c...

Published on : 24 Jan 2020 , 11:26 AM
ANZ No Longer Forecasting RBA Feb Cut

Economists at ANZ have removed RBA cut in February from their forecast following the strength in employment in Novemb...

Published on : 23 Jan 2020 , 01:37 PM
Australia Consumer House Price Sentiment Could Justify RBA Hold in Feb

Consumer sentiment fell 1.8% to 93.4 in January from 95.1, the Westpac-Melbourne Institute Index of Consumer Sentimen...

Published on : 22 Jan 2020 , 11:36 AM