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Possible borrowing in Germany



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EMBARGO IMMEDIATE RELEASE

STATEMENT BY THE ACTING TREASURER, THE HON ERIC L. ROBINSON, HP

POSSIBLE BORROWING IN GERMANY

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The Government is considering refinancing, by way of a DM private

placement, a DM 200 million (approximately $A9b million) Commonwealth

. maturity which falls due on 1 Oct 19tS0. Accordingly, the Commonwealth's

name has been placed in the queue of prospective borrowers for a private

placement in the German capital market in September.

The final decision on whether to proceed with the refinancing will

depend upon market conditions at the time and a further announcement

will be made as appropriate.

The refinancing, if proceeded with, will be subject to due process

including with the Executive Council and Loan Council.

Lead manager for the issue, if pursued, will be Deutsche Bank.

CANBERRA ACT 2 Sep 19ยป0