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AUCTION PREVIEW: The Australian........>

AUSSIE BONDS
AUSSIE BONDS: AUCTION PREVIEW: The Australian Office of Financial Management
(AOFM) will today sell A$1.5bn of the 5.50% 21 April 2023 Bond, issue #TB133.
The line was last sold on 24 April 2020 for A$1.5bn. The sale drew an average
yield of 0.2603%, at a high yield of 0.2625% and was covered 7.2633x. There were
57 bidders, 10 of which were successful and 4 were allocated in full. Amount
allotted at highest yield as percentage of amount bid at that yield was 91.4%.
- Given where this bond sits on the curve we should see another solid auction,
given the fact it is effectively backstopped by the RBA's YCC.
- Results 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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