AOFM launches May 2041 syndicated tap

On 16 November, Australian Office of Financial Management (AOFM) (AAA/Aaa/AAA) launched a syndicated tap, of up to A$6 billion (US$4.4 billion), of its May 2041 line. Indicative price guidance for the forthcoming deal, which is expected to price on the day after launch, is 75.5-78.5 basis points area over 10-year futures contract. National Australia Bank, TD Securities, UBS and Westpac Institutional Bank are leading.