AOFM sells $500m of Treasury notes

The AOFM has sold $500 million of Treasury notes that mature on February 26, 2016.

The Australian government has sold $500 million of Treasury notes that mature on February 26, 2016.

The Australian Office of Financial Management (AOFM), which conducts bond auctions on behalf of the government, said the notes were sold for a weighted average yield of 2.0144 per cent

The sale attracted bids that totalled $1.456 billion, giving a coverage ratio of 2.912.