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Tap issue stock



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TREASURER

EMBARGO FOR IMMEDIATE RELEASE

- .

NO. m

STATEMENT BY THE TREASURER, THE HON JOHN HOWARD, MP

TAP ISSUE STOCK

A new tap stock will be on issue from the commencement of business Thursday 18 December, 1980.

The terms and conditions for the new tap stock are:

Tap Stock No 10

Maturity

Coupon Rate

Initial Issue Price

Initial Yield

First Interest Payment Date

December 1987

12.0#

97.07

12.64#

15 June 1981

The initial price and yield will apply on the first day of issue.

Subsequent daily prices and yields will be available from the Reserve

Bank.

It is.envisaged that tap stock No 10 will be available to an amount

in the order of $150 million.

Further details of the terms and conditions applying to tap stock

No 10 are contained in the relevant prospectus available from the

Reserve Bank.

2

The 11.4 per cent February 1983 stock (tap stock No 6) and the 11.5

per cent September 1982 stock (tap stock No 9) will remain on issue

until further notice. -

CANBERRA ACT 17 December 1980