AOFM sells $800m of July 2012 bonds

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The Australian Office of Financial Management (AOFM) has sold $800 million of July 21, 2017, Treasury bonds

Weighted average issue yield: 2.68 per cent

Range of bids accepted: 2.675 per cent to 2.685 per cent

Coverage ratio: 4.13

Coupon rate: 4.25 per cent

Number of bids: 50

Total value of bids: $3.305 billion

Number of successful bids: 15

Number of bids allocated in full: 4

The Reserve Bank of Australia (RBA) took up none of the offer, the AOFM said on Wednesday.

Settlement for the bonds is on Monday, July 9.