Australia Sells A$13 Billion Bonds in Biggest Sale on Record
- New bond’s yield is 11 basis points more than April 2024 note
- Nation may sell more than A$250 billion of bonds in 15 months
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Australia sold a record A$13 billion ($8.3 billion) of bonds, joining a global borrowing spree as governments compete for funding to combat a coronavirus-driven economic slowdown.
The November 2024 debt was sold at a yield-to-maturity of 0.47%, and received A$25.8 billion of bids, the Australian Office of Financial Management said. The amount raised smashes the previous record of an A$11 billion sale in 2017.