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SYDNEY, Oct 1 Asia Pulse - The Australian Office of Financial Management (AOFM) has issued A$301 million (US$237.58 million) of February 15, 2017, Treasury bonds at an issue yield of 5.450 per cent.
The bonds had a coupon of 6.00 per cent.
The tender was conducted on a switch basis with NSW, Victoria and Queensland semi-government bonds.
Bidders had to indicate the spread in basis points at which they would be prepared to sell the relevant semi-government bond in exchange for purchasing an equal face value amount of the Treasury Bond.
There were $76 million of NSW Treasury Corporation March 1, 2017, bonds bought with a coupon rate of 5.50 per cent.
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Source: HighBeam Research, AUSTRALIAN TREASURY SELLS A$301 MLN 2017 BONDS AT SWITCH TENDER.