Asia PR News

NEW YORK, May 29 /PRNewswire-AsiaNet/ –

Bloomberg, the leading global provider of data, analytics and news to the
financial community, today announced that the Australian Office of Financial
Management ("AOFM") has selected the Bloomberg Auction System for the conduct
of Australian Government Bond tenders later this year.

Following an open tender for procurement of a new electronic system for
the collection and transmission of tender bids for the issue of Commonwealth
Government Securities ("CGS"), the AOFM selected the Bloomberg Auction System.
Tenders for the issue of CGS, such as Treasury Bonds and Treasury Notes, are
currently conducted on behalf of the AOFM by the Reserve Bank of Australia.
The Bloomberg Auction System for CGS is expected to be in place in late 2006.

The Bloomberg Auction System is integrated into the BLOOMBERG
PROFESSIONAL(R) service. The Bloomberg Auction System allows the issuer to use
the BLOOMBERG PROFESSIONAL service to perform their auction tenders with
selected dealers, who will submit their bids and obtain tender results from
the issuer via the BLOOMBERG PROFESSIONAL service. This is the second
Australian issuer to decide to conduct auctions using the Bloomberg Auction
System. NSWTC, Australia’s largest government agency issuer, signed on to use
the Bloomberg Auction System during 2003. A complete list of issuers using the
Bloomberg Auction System may be found on the BLOOMBERG PROFESSIONAL service
via the function AUCS < GO >.

"The Bloomberg Auction System was selected over the existing mechanism due
to its accessibility by dealers, improved features for risk, redundancy,
compliance and audit purposes, improvements in issuing terms (transparency,
distribution & access) and faster calculation and publication of tender
results & allocations," said Gerard Francis of Bloomberg. "The selection of
the Bloomberg Auction System by the AOFM reflects Bloomberg’s continuing
commitment to the development and support of the financial markets in
Australia and across the Asia Pacific region."

About Bloomberg

Bloomberg is the leading global provider of data, news and analytics. The
BLOOMBERG PROFESSIONAL(R) service and Bloomberg’s media services provide real-
time and archived financial and market data, pricing, trading, news and
communications tools in a single, integrated package to corporations, news
organizations, financial and legal professionals and individuals around the
world. Bloomberg’s media services include the global BLOOMBERG NEWS(R) service
with more than 1,900 professionals in 125 bureaus worldwide; the BLOOMBERG
TELEVISION(R) 24-hour business and financial network produced and distributed
worldwide on ten separate channels in seven languages; and BLOOMBERG RADIO(SM)
services which provide up-to-the-minute news on XM, Sirius and WorldSpace
satellite radio around the world and on WBBR 1130AM in New York. In addition,
Bloomberg publishes magazines and BLOOMBERG PRESS(R) books for investment
professionals. For more information please visit http://www.bloomberg.com.

SOURCE Bloomberg

CONTACT: Judith Czelusniak of Bloomberg LP
+1-212-617-4273
jczelusniak@bloomberg.net

Web site: http://www.bloomberg.com