Record bond deal shows confidence in Australia: PM

Original article by Sarah Turner, Vesna Poljak, Jonathan Shapiro
The Australian Financial Review – Page: 29 : 17-Apr-20

The Australian Office of Financial Management has revealed that domestic investors accounted for 68.1 per cent of the federal government’s $13bn bond deal. Banks in turn bought more than 50 per cent of the new bonds, while investment managers accounted for 25 per cent of the issuance. Prime Minister Scott Morrison says the strong support for the bond deal demonstrates that investors are confident that Australia will be able to repay its debt.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY. OFFICE OF FINANCIAL MANAGEMENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

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