AOFM sells $800m of July 2017 bonds

The AOFM has sold $800 million of July 21, 2017, Treasury bonds.

The Australian government has sold $800 million of July 21, 2017 Treasury bonds.

The Australian Office of Financial Management (AOFM), which conducts bond auctions on the behalf of the government, said the bonds were sold for a weighted average yield of 2.9647 per cent.

The sale attracted bids totalling $4.125 billion, giving a coverage ratio of 5.16.