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Tap issue stocks



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m^.australia^

TREASURER

PRESS RELEASE NO. 189

EMBARGO 8 . 0 0 pm 27 October, 1981

■ Λ ' · '

STATEMENT BY THE TREASURER, THE HON JOHN HOWARD, MP' 1 Ψ ' ‘ 1 ■ l - — .. i TAP ISSUE STOCKS

Two new tap stocks will be on issue from the

commencement of business on 28 October 1981.'"

The terms and conditions for the new tap stocks

are:

Tap Stock No 17 Tap Stock No

Maturity April 1984 June 1985

Coupon Rate 14.0% 14.0%

Initial Issue Price 98.69 97.39

Initial Yield 14.65 . 14.93

First Interest Payment Date 15 April 1982 15 June 1982

The initial price and yield on these stocks will apply

on the first day of issue. Subsequent daily prices and

yields will be available from the Reserve Bank.

It is envisaged that each of the tap stocks Nos 17 and 18

will be available to an amount in the order of $500 million.

Further details of the terms and conditions

applying to tap stock Nos 17 and 18 are contained

in the relevant prospectuses being circulated to

the Reserve Bank.

The 12.5 per cent May 1988 stock (tap stock No 14)

will remain on issue pntil further notice.

CANBERRA ·

27 October 1981