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Tap issue stocks



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TREASURER

N O . y s

EMBARGO NOT FOR RELEASE BEFORE 8.00FM, FRIDAY 21 NOVEMBER 1980

STATEMENT BY THE TREASURER, THE HON JOHN HOWARD, MP

TAP ISSUE STOCKS ■ -

The 11.5 per cent May 1982 tap stock (tap stock No 8) has been

withdrawn from sale from the close of business 21 November 1980.

Tap stock No 8-came on sale on 14 November 1980.

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

subscriptions to tap stock No 8 will be in the order of $500 million.

The 11.7 per cent June 1990 stock (tap stock No 5) and the 11.4 per cent

February 1985 stock (tap stock No 6) will remain on issue until further

notice, and the Reserve Bank, in line with established practice, will . '

continue to trade from its portfolio

CANBERRA ACT 21 November 1980