The Australian Office of Financial.....>

AUSSIE BONDS: The Australian Office of Financial Management (AOFM) will today

sell A$1.0bln of the 2.25% 21 November 2022 Bond, issue #TB153. The line was

last sold on 21 March 2018 for A$1.0bln. The sale drew an average yield of

2.3449%, a high yield of 2.3450% with 94.7% allotted at the high yield & was

covered 3.945x. There were 44 bidders, 9 of which were successful & 1 was

allocated in full. - The line has $A9.00bln outstanding with a modified duration

of 4.33 years.

- In outright yield terms the bond is 6bp off the early Apr low, with the move

largely driven by broader risk sentiment as opposed to domestic factors.

- The line is a relatively heavily issued new bond, but doesn't form part of the

basket for the 3-Year Bond future quite yet. The line looks attractive on both

on ASW terms & carry & roll basis.

- Results due at 0200BST/1100AEST.