'We got this covered': PM buoyed by record $19b bond sale

Jonathan Shapiro and Matthew Cranston

Updated May 13, 2020 – 6.41pm, first published at 2.25pm

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The Australian Office of Financial Management's chief executive Rob Nicholl says he was "taken aback" by the scale and speed with which investors rushed to buy a new 10½-year debt offering that at $19 billion is the largest government bond sale in Australian history.

A record bond issue should give Treasurer Josh Frydenberg comfort that his support measures can be funded. Alex Ellinghausen

Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney.

Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor.