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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$2.0bn of the 2.25% 21 November 2022 Bond, issue #TB153.
The line was last sold on 20 April 2020 for A$3.0bn. The sale drew an average
yield of 0.2544%, at a high yield of 0.2575% and was covered 4.1900x. There were
64 bidders, 20 of which were successful and 13 were allocated in full. Amount
allotted at highest yield as percentage of amount bid at that yield was 56.0%.
- The line last yields 0.2457%.
- Given the bond's maturity we will keep this preview short, demand should be
solid given the recent run of well received auctions/ample liquidity backdrop,
coupled with the notion that the auction will effectively be 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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