AOFM sells $700 million of April 2024 bonds

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The Australian government has sold $700 million of April 21, 2024, 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 3.8081 per cent.

The sale attracted bids totalling $2.881 billion, giving a coverage ratio of 4.116.