Will new Nov 2031 Australia govt bond syndication create a record?
By Sophia Rodrigues
Published On 26 Aug 2020 , 08:53 AMWill the new 1% 21 November 2031 government bond set a new record for orderbook and issuance size? A good chance it will.
On Tuesday, the orderbook touched A$52.5 billion with price range of 8.5bps-9.5bps over the implied bid yield on 10-year futures. More orders are expected by the time the book closes this morning, but the orderbook could drop with further tightening in price.
The AOFM will also decide on the issuance size. There is a good chance it might exceed 2030's record A$19 billion issuance but it all depends on the quality of the orderbook.
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 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 PMAOFM 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 AMAOFM 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 PMAOFM 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 AMT-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 AMImportant 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 PMAOFM 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 AMANZ 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 AMAOFM sells May 2028 govt bond at 0.7711%
The AOFM has sold A$1.0 billion of 2.25% May 2028 government bond at a weighted average yield of 0.7711%. T...
Published on : 18 May 2020 , 11:05 AMAOFM Restricts Maturity of Next Wk's Treasury Note Tenders to Six Months
The AOFM has announced the following tenders for next week, totaling A$5.0 billion of bonds and A$4.0 billi...
Published on : 15 May 2020 , 12:15 PM