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Tap issue stocks



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TREASURER

EMBARGO NOT FOR RELEASE BEFORE . 7.00EM, TUESDAY 5 AUGUST

PRESS RELEASE NO. 99

STATEMENT BY THE TREASURER, THE HON JOHN HOWARD, MP

TAP ISSUE STOCKS

The 11,5 per cent November 1982 tap stock (tap stock No 4) has

been withdrawn from sale from the close of business 5 August 1980.

Although final figures are not yet available, it is expected that

subscriptions to this stock will be in the order of $511 million.

The November 1982 tap stock went on sale on 7 July 1980.

The 11.7 per cent May 1986 stock (tap stock No 3) and the 11.7

per cent June 1990 stock (tap stock No 5)> will remain on issue

until further notice, and the Reserve Bank, in line with

established practice, wj.11 continue to trade from its portfolio.

CANBERRA ACT 5 August 1980