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AOFM offers $700mln April 2012 bonds at tender

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SYDNEY, Oct 22 AAP

October 22 2009, 12:21AM

The Australian Office of Financial Management (AOFM) will offer $700 million of Treasury bonds at a tender on Friday, October 23.

The bonds mature on April 12, 2012, and have a coupon rate of 5.75 per cent.

The Reserve Bank of Australia would not take up any of the offer, the AOFM said on Tuesday.

Bids may be lodged between 1045 AEDT and 1100 AEDT on Friday, October 23.

The results of the tender will be announced soon after the closing time for the lodgement of bids.

The settlement date is Wednesday, October 28.