Australia Buys Back Record A$9.3 Billion of 2017 Bonds
- Bonds were bought from the central bank and cancelled
- Repurchase largest on record in data that goes back to 2002-3
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Australia repurchased a record A$9.3 billion ($6.7 billion) of February 2017 bonds and canceled them.
The bonds were bought from the Reserve Bank of Australia and A$11.8 billion of the debt remains on issue, the Australian office of Financial Management said in an e-mailed statement. The buy back was the largest on record in data from the AOFM that goes back to the 2002-3 financial year.