Media Release Australia Media Release April 20, 2023

Deutsche Bank helps Australian government on 14 billion bond sale

Deutsche Bank helped the Australia government debt agency, Australian Office of Financial Management (AOFM), price another landmark dollar bond issuance this week, this time for 14 billion Australian dollars.

This is the fifth time Deutsche Bank has supported the government's fundraising efforts in the last three years; helping it raise over 80 billion Australian dollars to fund the budget deficit that grew to fund pandemic support measures. 

Deutsche Bank acted as Joint Lead Manager on the transaction, that attracted over 60 billion Australian dollars of interest from global fixed income investors. 

“This transaction highlights the attractiveness of the Australian bond market to both local and international investors,” said Rod Everitt, Australia’s Head of Capital Markets. “We look forward to continuing to help the AOFM raise the funding required for the people of Australia in a highly dynamic market environment," he said. 

Bloomberg ranked Deutsche Bank the number one International Bank for Australian dollar rates issuance year-to-date, having captured over 15% market share.