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AOFM sells $600m of July 2017 bonds

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SYDNEY, Nov 23 AAP

November 23 2012, 12:48AM

The Australian government has sold $600 million of July 21, 2017 Treasury bonds.

The Australian Office of Financial Management (AOFM), which conducts bond auctions on behalf of the government, said the bonds were sold for a weighted average yield of 2.79 per cent.

The sale attracted bids totalling $3.094 billion, giving a coverage ratio of 5.16.