The Australian Office of Financial.....>

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

sell A$800mn of the 2.50% 21 May 2030 Bond, issue #TB155.

- The line was last sold on 5 April 2019 for A$900mn. The sale drew an average

yield of 1.9247%, at a high yield of 1.9250% and was covered 3.0333x. There were

25 bidders, 9 of which were successful and 2 were allocated in full. Amount

allotted at highest yield as percentage of amount bid at that yield was 81.2%.

- The line has A$16.5bn outstanding, with a modified duration of 9.63 years. The

line forms part of the deliverable basket for XMM9.

- The line sits at the cheap end of its recent range, in both z-spread & ASW

terms, as does ACGB 11/2029, with outright yields over 20bp off of their

late-March cycle lows.

- Results due at 0200BST/1100AEST.