Australia Sells A$3.25 Billion of Longest Debt in 3 Decades

Australia sold A$3.25 billion ($3.3 billion) of notes due in 16 1/2 years, the longest-maturity bonds on record in government data going back to 1982, matching its largest ever offering.

The 3.25 percent April 2029 security was placed via syndication and yielded 3.595 percent, according to an e-mailed statement from the Australian Office of Financial Management. Notes due April 2027 were previously the nation’s longest-dated debt.