Thursday May 9 2013
News Source: Global Exchanges
Focus: Other
Type: General
Country: Australia
Link: http://www.asxgroup.com.au/media/PDFs/ASX_to_quote_Australian_Government_Bonds.pdf
The Australian Securities Exchange (ASX) has announced that Exchange-traded Australian Government Bonds (AGBs) will be available for trading on ASX on 21 May 2013, giving retail investors access to buy and sell these products as easily as shares.
Exchange-traded AGBs will be quoted and transacted on ASX in a similar way to shares, with each bond quoted as a gross price (capital plus accrued interest) with a face value of $100.00.
ASX has appointed three market makers to provide continuous two-way pricing in all bond series. The market makers are Commonwealth Bank of Australia, J.P. Morgan Australia Limited and UBS AG, Australia Branch. They have been given short-selling relief by ASIC. ASX will quote all benchmark bond series of Exchange-traded Treasury Bonds and Exchange-traded Treasury Indexed Bonds.
Click on the above link for more details.