Changes to the timing of Treasury Bond, Treasury Indexed Bond and Treasury Note tenders

22 March 2000

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

Last updated: 5 March 2014