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Canberra taps the 2035 line, A$4bn placed

A syndicated tap of the May 2035 bond draws a A$78bn book.

By the Desk · 22 June 2026

The AOFM returned to the May 2035 line with a syndicated tap, placing A$4.0bn at a reoffer yield of 4.34%. The order book topped A$78bn, a cover ratio approaching twenty times.

Demand skewed offshore, a familiar pattern for the ten-year part of the curve, with joint lead managers reporting strong real-money participation.

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