Australia sells May 2032 bond at 0.9853% Weighted Avg Yld. Coverage 4.09 times

By Sophia Rodrigues

The AOFM has sold A$1.0 billion of 1.25% May 2032 government bond at a weighted average yield of 0.9853%. The coverage ratio was 4.0970, with the lowest yield at 0.9450% and the highest at 0.9875%

With this issue, the total issue of this bond has risen to A$8.7 billion. At the last auction on March 18 for A$500 million, the bond was sold at a weighted average yield of 1.2852.

Today's coverage ratio was the highest of the five tenders for this bond so far (including today). The previous best was the 3.59 coverage ratio at the March 18 auction.