AOFM sells $600 mln Treasury Notes at tender
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SYDNEY, Oct 1 AAP
October 01 2009, 10:50AM
The Australian Office of Financial Management (AOFM) has sold $600 million in short-dated Treasury notes at tender.
The notes were sold in two tranches on Thursday, October 1.
The first tranche of $300 million in notes maturing on January 8, 2010, went at an average weighted yield of 3.2333 per cent.
Accepted bids ranged from 3.220 per cent to 3.270 per cent, with 100 per cent of bids at the top of the range allocated.
The coverage ratio - the ratio of bids received to the value of notes offered - was 4.3.
The second tranche, also of $300 million, in notes maturing on April 9, 2010, went at an average weighted yield of 3.6450 per cent.
Accepted bids ranged from 3.620 per cent to 3.660 per cent.
Some 100 per cent of bids at the top of the range were allocated.
The coverage ratio again was 4.3.
The Reserve Bank of Australia did not take up any of the offers, the AOFM said.
The settlement date is Friday, October 2.
