AOFM sells $500m of Treasury notes

The AOFM has sold $500 million of Treasury notes, maturing on January 23, 2015.

The Australian government has sold $500 million of Treasury notes, maturing on January 23, 2015.

The Australian Office of Financial Management said the notes were sold for a weighted average yield of 2.5730 per cent.

The sale attracted bids that totalled $750 million, giving a coverage ratio of 1.500.