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The Australian Office of Financial.....>

AUSSIE BONDS
AUSSIE BONDS: The Australian Office of Financial Management (AOFM) will today
sell A$500mn of the 2.25% 21 November 2022 Bond, issue #TB153.
- The line was last sold on 05 October 2018 for A$500mn. The sale drew an
average yield of 2.1725%, a high yield of 2.1725% and was covered 5.8980x. There
was 28 bidders, 5 of which were successful and 0 were allocated in full.
- The line has $15.0bn outstanding with a modified duration of 3.85 years.
- The Bond forms part of the futures basket for YMZ8.
- The line's yield has operated in a ~1bp range in the time since the most
recent auction, last sitting around the lower end of that range at 2.192%.
- The line looks appealing vs. the nearby July 2022 in z-spread and ASW terms.
- Results due at 0100BST/1100AEDT.
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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