Australia's 30-year bond likely to draw good response

Sydney

A PLANNED 30-year bond issue by the Australian government is expected to be well received, fund managers and dealers say, even as foreign investor appetite for the triple A-rated sovereign debt has recently waned.

Robert Nicholl, chief executive officer of government funding agency the Australian Office of Financial Management (AOFM), confirmed plans this week to sell its first 30-year benchmark bond…