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

Australia's 2031 bond syndication may hit record orderbook

Orderbook for the Australian government's 1% 21 November 2031 bond issue may hit a record high, likely surpassing...

Published on : 25 Aug 2020 , 04:57 PM
RBA buying A$2B of April 2023, 2024 again

The RBA remains determined to keep 3-year Australian government bonds near its 0.25% target, offering to bu...

Published on : 13 Aug 2020 , 11:29 AM
RBA shows more determination to keep 3-year AGS at 0.25% target

The RBA appears very determined to ensure 3-year Australian government bonds stays near its 0.25% target, doubling th...

Published on : 12 Aug 2020 , 11:33 AM
RBA buys A$1.0B govt bonds but 2023 yld still slightly above 0.25%

The RBA bought A$1.0 billion of Australian government bonds at the third bond-buying auction since last Wednesday but...

Published on : 10 Aug 2020 , 03:56 PM
RBA focuses on Nov 2022 bond at auction but yield still higher than 2023

At the bond-buying auction today, the RBA focused much of its purchases on the November 2022 government bond, spendin...

Published on : 06 Aug 2020 , 04:51 PM
RBA to buy AGS for second straight day

The RBA has announced bond-buying via auction for the second consecutive day, keeping the notified amount unchanged a...

Published on : 06 Aug 2020 , 11:42 AM
Weighted average yield at RBA's 2023 bond-buying 0.2575%

The RBA bought A$500 million of 5.5% April 2023 Australian government bonds on Wednesday at a cut-off of 0.2525% and...

Published on : 06 Aug 2020 , 09:02 AM
RBA buying only A$500m of one bond line -- April 2023

The RBA is buying A$500 million of April 2023 government bonds as part of its bond-buying program which it resumed We...

Published on : 05 Aug 2020 , 12:45 PM
AOFM raises A$15B from sale via syndication of new 2051 bond

The Australian government has raised $15 billion from the sale of the new 1.75% June 2051 bond via syndication,...

Published on : 28 Jul 2020 , 11:58 AM
Australia's 2030 bond syndication record likely unbeaten

It appears Australia's A$19 billion debt syndication for the 2030 bond in May will remain a record, with whi...

Published on : 14 Jul 2020 , 10:46 AM