Free Trial

The Australian Office of Financial.....>

AUSSIE BONDS
AUSSIE BONDS: The Australian Office of Financial Management (AOFM) will today
sell A$400mn of the 3.25% 21 June 2039 Bond, issue #TB147.
- The line was last sold on 15 May 2018, when it was tapped via syndication for
A$1.7bn. The sale drew an average yield of 3.2050%. This will be the first time
that the line has been offered via a conventional auction.
- The line has A$8.0bn outstanding with a modified duration of 15.1 years.
- The line is trading towards the richer end of its recent range in z-spread
terms, making it relatively expensive vs. surrounding lines based on this
measure. The same can be said for ASW terms.
- Results due at 0000GMT/1100AEDT.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.