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AUSSIE BONDS: AUCTION PREVIEW: The Australian Office of Financial Management
(AOFM) will today sell A$500mn of the 2.75% 21 April 2024, issue #TB137. The
line was last sold on 4 November 2019 for A$400mn. The sale drew an average
yield of 0.8567%, at a high yield of 0.8575% and was covered 4.4375x. There were
31 bidders, 11 of which were successful and 3 were allocated in full. Amount
allotted at highest yield as percentage of amount bid at that yield was 74.3%.
- Results due at 0000GMT/1100AEDT.

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