$180M tender
PA Wellington The Reserve Bank will offer $lOO million of three month and SBOM of six month Treasury bills by tender on Tuesday. No seasonal bills will be offered. A net cash withdrawal from the banking system is forecast for the week ending October 31, the bank said yesterday. Withdrawals mainly include PAYE tax payments, excise duty, a large nontax payment to Government and general Government revenue. Injections mainly comprise general Government expenditure and maturing seasonal Treasury bills. “Current forecasts indicate that injections will be required on most days of the week. As a result, open market operations are likely to include sellbacks with maturities up to November 15 and the offer to purchase November, 1989 stock,”
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Press, 21 October 1989, Page 35
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119$180M tender Press, 21 October 1989, Page 35
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