Aussie 30 year bond makes its long-awaited debut

12 October 2016

 

Plans for the issue of the Australian government’s first 30 year fixed rate bond have finally come to fruition. Today, the Australian Office of Financial Management (AOFM) announced it had issued bonds worth $7.6 billion in face value terms with a maturity date March 2047. The bonds were priced with a yield to maturity of 3.27% (or EFP + 101bps) and reported to have attracted over $13 billion of orders....

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