AOFM sells $700m of April 2029 bonds

The AOFM has sold $700 million of April 21, 2029 Treasury bonds.

The Australian government has sold $700 million of April 21, 2029 Treasury bonds.

The Australian Office of Financial Management (AOFM), which conducts bond auctions on behalf of the government, said the bonds were sold for a weighted average yield of 4.2055 per cent.

The sale attracted bids totalling $1.829 billion, giving a coverage ratio of 2.613.