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Proposed Commonwealth public bond issue in New York



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NO.

TREASURER

EMBARGO NOT TO BE RELEASED BEFORE 6.00PM 9 MAY 1978 .

PRESS RELEASE

STATEMENT BY THE TREASURER, THE HON JOHN HOWARD, M.P.

PROPOSED COMMONWEALTH PUBLIC BOND ISSUE IN NEW YORK

The Treasurer, Mr Howard, today announced that the Commonwealth

had commenced negotiations for a public bond issue on the New

York capital market.

It is expected that a Registration Statement relating to the

proposed borrowing, which is expected to be for an amount of the

order of $US250 million, will be filed with the US Securities

and Exchange Commission in Washington later this week, and that

the offering will be made in late May.

CANBERRA ACT 9 May 1978