The AOFM has noted that "The...........>

AUSSIE BONDS: The AOFM has noted that "The Australian Office of Financial

Management (AOFM) held a tender this morning for the issue of $1,000 million of

Treasury Notes maturing on 24 January 2020 and $500 million of Treasury Notes

maturing on 24 April 2020. Bids totalling $936 million were received for the 24

January Treasury Notes. $936 million was issued at a weighted average yield of

0.9263 per cent. Treasury Notes are used as a cash management tool and the AOFM

has considerable flexibility around the timing and volume of future Treasury

Note issuance. This is because the AOFM maintains a precautionary liquid asset

balance in excess of forecast needs at any point in time. Treasury Notes are a

short-term debt instrument and as such are not part of planned issuance to

achieve the AOFM's annual funding task. Today's result is in no way a default by

the Commonwealth of Australia."