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.
12.00 pm Announcement of Treasury Bond tenders
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
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
12.15 pm Closure of bids for Treasury Indexed Bond tenders
12:45 pm Announcement of Treasury Indexed Bond tender results
22 March 2000
Contact: Peter McCray (02) 6263 3743