AOFM sells $500m of Treasury notes

The AOFM has sold $500 million of Treasury notes that mature on August 8, 2014.

The Australian Office of Financial Management has sold $500 million of Treasury notes that mature on August 8, 2014.

The Australian Office of Financial Management (AOFM), which conducts bond auctions on the behalf of the government said the notes were sold for a weighted average yield of 2.4706 per cent.

The sale attracted bids totalling that totalled $2.847 billion, giving a coverage ratio of 5.694.