AOFM sells $900 mln Treasury Notes at tender
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SYDNEY, Oct 22 AAP
October 22 2009, 10:43AM
The Australian Office of Financial Management (AOFM) has sold $900 million in short-dated Treasury notes at tender.
The notes were sold in two tranches on Thursday, October 22.
The first tranche of $600 million in notes maturing on January 8, 2010, went at an average weighted yield of 3.5434 per cent.
Accepted bids ranged from 3.510 per cent to 3.570 per cent, with 14 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 4.9.
The second tranche of $300 million in notes maturing on April 23, 2010, went at an average weighted yield of 4.0783 per cent.
Accepted bids ranged from 4.050 per cent to 4.100 per cent.
Some 33 per cent of bids at the top of the range were allocated.
The coverage ratio again was 4.8.
The Reserve Bank of Australia did not take up any of the offers, the AOFM said.
The settlement date is Friday, October 23.
