Bloomberg announced Monday that its auction system had been chosen by the Australian Office of Financial Management to handle the country’s bond tenders.
Australian Commonwealth Government Securities and Treasury bonds and notes are currently conducted on behalf of the AOFM by the Reserve Bank of Australia, but the Bloomberg Auction for CGS is expected to be fully established in late 2006.
This announcement marks the second Australian issuer that decided to conduct auctions using the Bloomberg Auction System. NSWTC signed on to use the Bloomberg Auction System during 2003.