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AUCTION PREVIEW: Feb-50 I/L Supply Due

AUSSIE BONDS

The Australian Office of Financial Management (AOFM) will today sell A$100mn of the 1.00% 21 February 2050 Indexed Bond, issue #CAIN415. The line was last sold on 10 May 2022 for A$100mn. The sale drew an average yield of 1.3154%, at a high yield of 1.3300% and was covered 3.1000x. There were 41 bidders, 20 of which were successful, and 18 were allocated in full. The amount allotted at the highest yield as a percentage of the amount bid at that yield was 42.9%.

  • The well-documented, immediate inflationary tailwinds should result in at least a baseline level of demand at today’s auction, which should facilitate smooth digestion.
  • Results are due at 0200BST/1100AEST.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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