AOFM gets record coverage for A$1.5B May 2030 bond tender
By Sophia Rodrigues
Published On 22 Apr 2020 , 11:16 AMThe AOFM has sold A$1.5 billion of 2.5% May 2030 government bond at a weighted average yield of 0.8460%. The cut-off yield was 0.8475% and the lowest yield was 0.8425%.
The coverage ratio was 4.29 times with A$6.43 billion of bids received. The coverage ratio for this bond was the highest in 30 issues so far (including today). The previous high was 4.19 times at the auction in November for A$800 million.
With this issue, the total outstanding issue of this bond has risen to A$29.4 billion, making it the fourth largest behind the April 2026, April 2027 and April 2029 bond. At the last auction on April 6 for A$2.0 billion, the bond was sold at a weighted average yield of 0.2450, and cutoff rate also of 0.2450%
LATEST SNIPPETS
Record orderbook for Australia new 2031; Record issuance likely
Orderbook for the 1% 21 November 2031 Australia government bond has closed with a record A$65.5 billion, surpassing t...
Published on : 26 Aug 2020 , 09:58 AMWill new Nov 2031 Australia govt bond syndication create a record?
Will the new 1% 21 November 2031 government bond set a new record for orderbook and issuance size? A good chance it w...
Published on : 26 Aug 2020 , 08:53 AMAustralia'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 PMRBA 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 AMRBA 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 AMRBA 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 PMRBA 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 PMRBA 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 AMWeighted 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 AMRBA 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