AOFM sells 2032 bond at 1.0672% Yield

By Sophia Rodrigues

The AOFM has sold A$2.0 billion of 1.25% May 2032 government bond at a weighted average yield of 1.0672%. The coverage ratio was 3.7125, falling short of the record for this bond on April 17 when it was 4.0970 times. The lowest yield today was 1.0650% and the highest 1.0675%. 

There were 46 bids in total, and only 14 were successful, and among them 3 got 100% allotment.

With this issue, this bond line has now increased A$13.2 billion. The last time this bond was issued was ion April 28 for A$2.5 billion when the weighted average issue yield was 1.0722%.

The bond was first issued in January this year for A$3.5 billion at a weighted average yield of 1.2394%.