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The Australian Office of Financial.....>

AUSSIE BONDS
AUSSIE BONDS: The Australian Office of Financial Management (AOFM) will today
sell A$600mln of the 3.00% 21 March 2047 Bonds, issue #TB152. The line was last
sold on 02 February 2018 for A$500mln. The sale drew an average yield of
3.4359%, a high yield of 3.4400% with 13% allotted at the high yield & was
covered 2.5300x. There were 56 bidders, 28 of which were successful & 20 were
allocated in full.
- The line has $A11.2bln outstanding with a modified duration of 18.87 years.
- This is the first tap of an ultra-long bond in over 2 months, and the line
looks moderately appealing in relative value terms against US paper.
- 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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