Strong demand for AOFM's 2024 tender; coverage 4.8 times
By Sophia Rodrigues
Published On 01 May 2020 , 11:06 AMThe AOFM has sold A$3.0 billion of 0.25% November 2024 government bond at a weighted average yield of 0.3866%. The coverage ratio was 4.8667, with the lowest yield at 0.3850% and the highest at 0.3875%.
There were 65 bids in total, and only 14 were successful, and among them just 4 got 100% allotment.
The bond was first issued last month via syndication and raised A$13 billion at a weighted average yield of 0.47%.