AOFM sells Treasury Bonds for $500 million

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The Australian Office of Financial Management (AOFM) has sold $750 million of Treasury Bonds that mature on December 15, 2013, with a coupon rate of 5.50 per cent.

The bonds were sold at a weighted average issue yield of 4.9550 per cent.

The bids accepted ranged from 4.950 per cent to 4.960 per cent.

The coverage ratio – the ratio of bids received to the value of bonds offered – was 4.47.

There were 49 bids for the issue worth a total of $3.35 billion.

Of those bids, 17 were successful, five of them allocated in full.

The Reserve Bank of Australia (RBA) took up none of the offer, the AOFM said on Friday.

Settlement date is Wednesday, June 2.

AAP

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