Australia sells $4.7 bln worth of inaugural Green Treasury Bonds
SYDNEY, June 4 (Reuters) -The Australian government on Tuesday sold A$7 billion ($4.68 billion) of its first Green Treasury Bond, with the issue drawing strong demand.
The Australian Office of Financial Management (AOFM) said the new 4.25% June 21, 2034 bond had priced at a yield to maturity of 4.295% and drew bids of A$22.89 billion.
The syndicated sale was led by Commonwealth Bank of Australia, Deutsche Bank, National Australia Bank, UBS' Australia Branch and Westpac Banking.
The programme enables investors to back public projects aimed at driving Australia's transition to net zero emissions by 2050 and support environmental objectives.
($1 = 1.4968 Australian dollars)
Reporting by Wayne Cole; Editing by Christopher Cushing
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