AOFM sells $700mln of 2015 bonds


The Australian Office of Financial Management (AOFM) has sold $700 million of Treasury notes.

The bonds mature on April 15, 2015, at a weighted average issue yield of 4.859 per cent.

Bids accepted ranged from yields of 4.855 per cent to 4.860 per cent.

The coverage ratio – the ratio of bids received to the value of bonds offered – was 3.71.

There were 36 bids for the issue worth a total of $2.6 billion.

Of those bids, eight were successful, with two of them allocated in full.

The settlement date is Wednesday, September 22.

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


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