The Australian Office of Financial.....>

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

sell A$300mn of the 3.00% 21 March 2047 Bond, issue #TB150.

- The line is the longest maturity on issue via the AOFM. - The line was last

sold on 02 May 2018 for A$400mn. The sale drew an average yield of 3.2741%, a

high yield of 3.2750%, with 74.3% allotted at the high yield and was covered

3.0650x. There were 59 bidders, 22 of which were successful and 8 were allocated

in full.

- The line has $A12.2bln outstanding with a modified duration of 18.96 years.

- The line sits around 13bp richer than it did at the time of the most recent

auction.

- RBC suspect that "there may be some good demand present at the moment with the

AU/US 10-30s box steepening back up to range wides around 40bp." - Results due

at 0200BST/1100AEST.