AOFM sells Dec 2030 at 1.08% vs May 13 syndication yield 1.025%

By Sophia Rodrigues

The AOFM has sold A$2.0 billion of 1.0% December 2030 government bond at a weighted average issue yield of 1.0800%. The coverage ratio was 3.1725 times. The lowest yield today was 1.0750% and the highest 1.0825%. 

There were 44 bids in total, and only 20 were successful, and among them 12 got 100% allotment.

This is the first re-issue of the bond since A$19 billion was issued via syndication on May 13 at a weighted average issue yield of 1.0250%.