Australia 2032 Bond Syndication Prices at 12.5bps Over 10yr Futures
By Sophia Rodrigues
Published On 13 Apr 2021 , 09:37 AMPricing for The Australian government's 1.75% 21 November 2032 bond issue has been set at +12.5bps, and the orderbook is at A$46.5 billion. The indicative yield at this price is 1.88%.
The book will close at 10AM Sydney time.
The bond was launched on Monday via syndication with a price guide of 10.5bps to 13.5bps over the implied bid yield for the 10-year futures contract, and was later tightened to 11bps-13bps.
AOFM will decide the issue size later Tuesday. Settlement is next Tuesday, 20 April 2021. Commonwealth Bank of Australia, Deutsche Bank, UBS AG Australia Branch; and Westpac Banking Corporation are joint lead managers for the issue.
The AOFM’s November 2031 bond syndication in August last year was priced at 9bps over the 10-year futures and had attracted orderbook of A$66.1 billion at the clearing price. The issue size was finalized at A$21 billion.
(This snippet was first published at 9:27 AM)
LATEST SNIPPETS
Australia Westpac-MI Consumer Sentiment Up But House Price Expectations More Imp For RBA
Consumer sentiment rose 2.3% to 95.5 in February, more than rebounding from the 1.8% fall in January, the Westpac-Mel...
Published on : 12 Feb 2020 , 10:41 AMMy tweets from first session of RBA's Parliamentary testimony today
RBA Lowe: If the unemployment rate were to be moving MATERIALLY in the wrong direction n there was no further progres...
Published on : 07 Feb 2020 , 10:59 AMWestpac's Evans Now Expects RBA Cut in April, Aug (Previously Feb, June)
Westpac's chief economist Bill Evans has pushed back his forecast for RBA cash rate cut to April from February, c...
Published on : 24 Jan 2020 , 11:26 AMANZ No Longer Forecasting RBA Feb Cut
Economists at ANZ have removed RBA cut in February from their forecast following the strength in employment in Novemb...
Published on : 23 Jan 2020 , 01:37 PMAustralia Consumer House Price Sentiment Could Justify RBA Hold in Feb
Consumer sentiment fell 1.8% to 93.4 in January from 95.1, the Westpac-Melbourne Institute Index of Consumer Sentimen...
Published on : 22 Jan 2020 , 11:36 AMAustralia Q3 net export to add 0.2%ppt to Q3 GDP
Australia net export to contribute 0.2 percentage point to Q3 GDP, data from ABS showed.
Terms of trade was st...
Australia consumer confidence off multi-year low but econ conditions view further down
Consumer confidence rose 1.2% in the week to Dec. 1 to 108.1, marking the first rise in four weeks but remained...
Published on : 03 Dec 2019 , 10:04 AMAustralia ANZ job ads down in November; Trend firmly negative
Job ads fell for the second straight month in November, down 1.7% m/m after a 1.0% fall in October, data from ANZ sho...
Published on : 02 Dec 2019 , 11:42 AMKey points from Australia's private sector credit for October
Key points from Australia's private sector credit growth for October, published by the RBA Friday.
--...
RBA may buy RMBS if dysfunction in mortgage market
Regarding purchase of Residential Mortgage-Backed Securitie (RMBS), RBA Governor Philip Lowe said last night that it...
Published on : 27 Nov 2019 , 09:58 AM