NEW YORK, May 29 /PRNewswire-FirstCall/ -- 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 ...