New South Wales Treasury Corporation

NSW Treasury Corporation Announcement of New Benchmark Bond Issue

Release date:19 Aug 2003
Guarenteed by the Crown in Right of New South Wales
EMBARGOED UNTIL 4.30PM (AEST) Tuesday 19 August 2003

New South Wales Treasury Corporation (TCorp) will launch its new 5.5% 1/8/2014 benchmark bond tomorrow (Wed 20^th August).  The bonds will be issued via an initial tender for a minimum of $500 million.  Bids will be accepted in Exchange For Physical (EFP) format, as a margin against the September 10 year Bond Futures contract.  Bids will be received from the dealer group via the Bloomberg Bond Auction System at 10:00am with the results of the tender to be posted on TCorp’s pages Telerate(22871) Reuters (TCOW) / and Bloomberg NSWT5 (Page 2) at 10:15am.