Australia launches 2026 syndication

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By Frank Jackman
22 Sep 2020

The Australian Office of Financial Management (AOFM) has launched its fourth syndication of its 2020/21 year.

The sovereign is targeting a benchmark size for its new 0.5% September 2026 bond.

What constitutes a benchmark size for an Australian treasury bond has ballooned significantly in the last six months. From October 2011 to April 2020, the size of the average new syndication was A$6.5bn ($4.7bn). ...

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