BUDGET 2017: NZDMO lifts debt issuance by $1 billion over forecast period

Thu, 25 May 2017

By Rebecca Howard May 25 (BusinessDesk) - (BusinessDesk) – The New Zealand Debt Management office lifted its issuance programme by $1 billion through June 2021 compared to prior forecasts in its half year economic and fiscal update and said it plans to launch a new April 20, 2029 bond before the end of the year. The 2017/18 programme is set at $7 billion, which is unchanged from the half year forecasts in December, the DMO said in a statement. The office will then raise $7 billion over the next three years and $6 billion in the year...

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