Australian Government, the Australian Office of Financial Management

 

CHANGES TO THE TIMING OF TREASURY BOND, TREASURY INDEXED BOND AND TREASURY NOTE TENDERS

There are to be changes to the present timings for the conduct of tenders for Commonwealth Government Securities.

With effect from the date of the next tender for Commonwealth Government Securities, bids will close earlier and results will be announced with a reduced time lag. Bids for stock at tender of Treasury Bonds, Treasury Indexed Bonds and Treasury Notes will close at 12:15 pm rather than 12:45 pm as currently. Results will be announced after 30 minutes, i.e. at 12:45 pm.

The revised timetable reflects changes that have taken place in market trading practices and will ensure that results of the tender process are conveyed to the market as soon as possible after bidding has closed. The changes bring practices in Australia into line with world's best practice for sovereign debt issuance.

Tenders will continue to be conducted on the same days and announced at the same times as is currently the case. The revised tender timetable is set out below.

Monday

12.00 pm Announcement of Treasury Bond tenders

Tuesday

12.15 pm Closure of bids for Treasury Bond tenders

12:45 pm Announcement of Treasury Bond tender results

4.00 pm Announcement of Treasury Note tenders

Wednesday

12.00 pm Announcement of Treasury Indexed Bond tenders

12.15 pm Closure of bids for Treasury Note tenders

12:45 pm Announcement of Treasury Note tender results

Thursday

12.15 pm Closure of bids for Treasury Indexed Bond tenders

12:45 pm Announcement of Treasury Indexed Bond tender results

CANBERRA ACT
22 March 2000


Contact: Peter McCray (02) 6263 3743

You are currently viewing a version of the Australian Office of Financial Management website as archived in March 2014. For current information, please visit aofm.gov.au.