Australia sells A$11b of bonds in biggest sale

Australia’s

government sold A$11 billion (Dh31 billion, $8.5 billion) of 11-year debt notes in its biggest-ever bond transaction, as investors hungry for higher yields set aside concerns stubborn budget deficits will cost the nation its AAA credit rating.

It’s the third time in less than six months the South Pacific country has set a new borrowing record. It exceeds the A$9.3 billion issued at a sale of December 2021 notes last month and the A$7.6 billion from last October’s debut 30-year deal. (Bloomberg) Sensex (IN)