AOFM sells $300 mln Treasury Notes at tender
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SYDNEY, Oct 15 AAP
October 15 2009, 10:41AM
The Australian Office of Financial Management (AOFM) has sold $300 million in short-dated Treasury notes at tender.
The notes were sold on Thursday, October 15.
The $300 million in notes maturing on January 22, 2010, went at an average weighted yield of 3.5515 per cent.
Accepted bids ranged from 3.520 per cent to 3.580 per cent, with 75 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 3.0.
The Reserve Bank of Australia did not take up any of the offer, the AOFM said.
Settlement is Friday, October 16.
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