Demand for AOFM's latest syndication allows tight pricing and largest-ever volume

The Australian Office of Financial Management (AOFM) says healthy demand for its latest syndicated deal – predominantly from domestic accounts – drove record volume. The AOFM priced a new A$7 billion (US$6.3 billion) 12-year syndicated issue on March 12 in a transaction which surpassed the Australian market's record deal volume – a 20-year A$5.9 billion deal also placed by the AOFM, in November last year.