AOFM sells $500m of Treasury notes

The AOFM has sold $500 million of Treasury notes that mature on December 11, 2015.

The Australian government has sold $500 million of Treasury notes that mature on December 11, 2015.

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 1.9961 per cent.

The sale attracted bids that totalled $1.935 billion, giving a coverage ratio of 3.870.