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AOFM sells $1.5b of Treasury notes
The Australian government has sold $1.5 billion of Treasury notes in two tranches.
The Australian Office of Financial Management, which conducts bond auctions on the behalf of the government said the first tranche, of $1 billion in notes, was sold for a weighted average yield of 2.877 per cent, attracted bids totalling $6.466 Billion, with a coverage ratio of 6.47.
The second tranche, of $500 million in notes, was sold for a weighted average yield of 2.8802 per cent, attracted bids totalling $2.927 Billion, with a coverage ratio of 5.85.
Tags:
bond, australian government, aofm, australia, finance, constitutional monarchy, weighted average yield, bond auctions, coverage ratio, bids, weighted mean, government of australia, business, cent, government, tranche, treasury notes, financial management, australian office
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