Whopping $7 billion, 12 year bond issue

11 May 2016

 

“I’d like to borrow $7 billion, please.” Try saying that to your bank manager. Yet, without any great fanfare, the AOFM, the Commonwealth Government’s finance arm, has done the equivalent by issuing $7 billion worth of May 2028 bonds via a syndication deal this week. It’s the largest bond offering by the AOFM since it offloaded $7 billion worth of April 2037s in October 2014 and prior to that sale,...

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