BUDGET 2016: NZDMO trims $8 bln from bond programme

Thu, 26 May 2016

By Paul McBeth May 26 (BusinessDesk) - The New Zealand Debt Management Office will cut $8 billion from its issuance programme through to 2020 as the government looks set to reduce debt. The office is slicing $2 billion from each of the next four years, due to a “lower funding requirement,” the DMO said in a statement. The office will raise $8 billion in the current financial year, falling to $7 billion in each of the subsequent four. That will see $36 billion of new issuance over the five-year period and $31.4 billion repaid, leaving n...

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