Australia could sell more than A$250 billion of bonds in the coming 15 months to fund its virus-combating measures, according to estimates from Australia & New Zealand Banking Group Ltd.
SYDNEY: Australia sold a record A$13 billion ($8.3 billion) of bonds as policymakers raise funds 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.
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