Home Business Australia govt sells A$14 bln of new 2034 Treasury bond

Australia govt sells A$14 bln of new 2034 Treasury bond

1 min read
Comments Off on Australia govt sells A$14 bln of new 2034 Treasury bond
0
38


Article content

SYDNEY — The Australian government on Tuesday sold A$14 billion ($9.1 billion) of a new 2034 Treasury bond by a syndication that drew A$42.4 billion of bids.

The Australian Office of Financial Management (AOFM) which handles the government’s debt, said the 3.75% May 21, 2034 Treasury Bond was priced at a yield to maturity of 4.145%.

Article content

Initial price guidance had been for a spread of 6 to 9 basis points to the implied bid yield for the primary 10-year Treasury Bond futures contract.

Joint-lead managers for the issue were Australia and New Zealand Banking Group; J.P. Morgan Securities Australia Limited; UBS AG, Australia Branch; and Westpac Banking Corporation. ($1 = 1.5451 Australian dollars) (Reporting by Wayne Cole; Editing by Jacqueline Wong)



Source link

Load More Related Articles
Load More By 
Load More In Business
Comments are closed.

Check Also

Rheinmetall moving towards order backlog of 30 billion euros – CEO

Article content DUESSELDORF — German arms maker Rheinmetall had a record year in 2022 and …