AOFM gets order of over A$48.8B for 2025 syndication

By Sophia Rodrigues

The Australian governmen's 21 November 2025 bond has attracted order book of over A$48.8 billion, around 30 minutes before close (0930 hours Sydney time). 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%.

BofA Securities, J.P. Morgan Securities Australia Limited, UBS AG, Australia Branch and Westpac Institutional Bank are Joint Lead Managers for the issue.