The Australian Office of Financial.....>

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

sell A$400mln of the 3.00% 21 March 2047 Bonds, issue #TB150.

- The line was last sold on 18 April 2018 for A$600mln. The sale drew an average

yield of 3.3268%, a high yield of 3.3300% with 71.8% allotted at the high yield

& was covered 3.0000x. There were 69 bidders, 16 of which were successful & 8

were allocated in full. The auction was well bid and stopped 0.6bp through mid.

- The line has $A11.8bln outstanding with a modified duration of 18.75 years.

- In outright yield terms the line yields 4.5bp or so less than it did at the

time of the prior auction.

- The 10-30 Year spread has flattened in recent times - The line is the longest

the AOFM has on offer, so those looking for duration will naturally be attracted

to the tender.

- Results due at 0200BST/1100AEST.