Will new Nov 2031 Australia govt bond syndication create a record?
By Sophia Rodrigues
Published On 26 Aug 2020 , 08:53 AMWill the new 1% 21 November 2031 government bond set a new record for orderbook and issuance size? A good chance it will.
On Tuesday, the orderbook touched A$52.5 billion with price range of 8.5bps-9.5bps over the implied bid yield on 10-year futures. More orders are expected by the time the book closes this morning, but the orderbook could drop with further tightening in price.
The AOFM will also decide on the issuance size. There is a good chance it might exceed 2030's record A$19 billion issuance but it all depends on the quality of the orderbook.
Citigroup Global Markets Australia Pty Limited, Commonwealth Bank of Australia, UBS AG, Australia Branch and Westpac Institutional Bank are Joint-Lead Managers for the issue.
LATEST SNIPPETS
AOFM sells April 2023 bond at 0.2496%
The AOFM has sold A$2.0 billion of 5.5% April 2023 government bond at a weighted average issue yield of 0.2496%,...
Published on : 03 Jun 2020 , 11:04 AMAustralia Q1 GDP seen -0.3%q/q but don't rush to declare recession
Based on forecasts from the big four banks, the median for Q1 GDP is -0.3% q/q (ANZ -0.2%, CBA -0.3%, NAB -0.1%, West...
Published on : 02 Jun 2020 , 10:39 PMAOFM sells A$2.0B of Nov 2029 at 0.8691%
The AOFM has sold A$2.0 billion of 2.75% November 2029 government bond at a weighted average issue yield of...
Published on : 02 Jun 2020 , 11:05 AMAOFM sells 2025 bond at record low yield, record high coverage
The AOFM has sold A$1.0 billion of 3.25% April 2025 government bond at a weighted average issue yield...
Published on : 29 May 2020 , 11:05 AMAOFM sells May 2030 bond at 0.8919%, up from 0.8118% on April 6
The AOFM has sold A$2.0 billion of 2.5% May 2030 government bond at a weighted average issue yield of 0.891...
Published on : 26 May 2020 , 11:05 AMRBA Lowe at parliamentary hearing via videoconference on Thu
RBA governor Philip Lowe will appear before a Select Senate Committee on COVID-19 on Thursday. Lowe will answer quest...
Published on : 25 May 2020 , 06:37 PMAOFM sells Nov 2022 bond at record low tender yield 0.2384%
The AOFM has sold A$2.0 billion of 2.25% November 2022 government bond at a weighted average issue yield of...
Published on : 25 May 2020 , 11:05 AMAOFM provides issuance update; no more syndication this year
The AOFM has announced an issuance update today, saying total gross bond issuance for 2019-20 would be A$130 billion,...
Published on : 22 May 2020 , 12:15 PMAOFM sells Nov 2024 bond at 0.3576%
The AOFM has sold A$2.0 billion of 0.25% November 2024 government bond at a weighted average issue yield of 0.35...
Published on : 22 May 2020 , 11:04 AMT-notes tender beyond six months may be back today
The decision to issue T-notes beyond six-month maturity is a tricky one for the AOFM, as it needs to balance the slig...
Published on : 22 May 2020 , 08:59 AM