The Australian Office of Financial.....>

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

sell A$1.0bn of the 2.50% 21 May 2030 Bond, issue #TB155.

- The line was last sold on December 12 for A$1.0bn. The sale drew an average

yield of 2.4958%, a high yield of 2.4975% and was covered 2.830x. There were 36

bidders, 15 of which were successful and 8 were allocated in full. Amount

allotted at highest accepted yield as percentage of amount bid at that yield was

88.7%.

- The line has A$11.0bn outstanding with a modified duration of 9.82 years.

- The bond does not constitute part of the deliverable basket for XMH9.

- The line's yield has operated in a ~30bp range in the time since the most

recent auction, last sitting ~12bp off of the bottom of that range at 2.3282%.

- The line looks a little rich against the nearby basket constituents (on both

ASW & Z-spread terms), and will be the next Bond to move into the XM deliverable

basket.

- Results due at 0000GMT/1100AEDT.