Excess demand for the January 19 tender of A$300 million of 2025 Treasury indexed bonds (TIBs) by the Australia Office of Financial Management (AOFM) allowed New South Wales Treasury Corporation (TCorp) to place A$150 million of its own 2025 inflation-linked line on January 21. The AOFM's tender was more than three times oversubscribed while TCorp saw a cover ratio of over two.
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