Joint-lead managers for the issue were Australia and New Zealand Banking Group; Commonwealth Bank of Australia; National Australia Bank and Deutsche Bank. ($1 = 1.4865 Australian dollars) (Reporting by Wayne Cole Editing by Shri Navaratnam)
Messaging: wayne.cole.thomsonreuters.com@reuters.net)) SYDNEY, April 19 (Reuters) - The Australian government
on Tuesday sold A$14 billion ($9.42 billion) of a new 2034
Treasury bond by a syndication that drew an outsized A$61
billion worth of bids.
The Australian Office of Financial Management (AOFM) which
handles the government's debt, said the 3.50% Dec 21, 2034
Treasury Bond was priced at a yield to maturity of 3.635%.
Initial price guidance had been for a spread of 8.5 to 11.5
basis points to the implied bid yield for the primary 10-year
Treasury Bond futures contract.
The last issue of a 2034 bond in November drew A$42.4
billion of bids for the A$14 billion sale.
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