BUDGET 2018: NZ govt tilts debt profile to long-term maturities

Paul McBeth
Thu, 17 May 2018

By Paul McBeth May 17 (BusinessDesk) - The New Zealand Debt Management Office will increase its sale of government bonds over the next four years, while trimming short-term Treasury bills, lifting the borrowing programme by about $1 billion. The government’s borrowing programme will issue more bonds in the 2019 through 2021 years, taking gross issuance to $38 billion over the coming four years, up from $35 billion expected in the half-year update, while trimming $2 billion from the T-bill programme in the current year and smoothing other...

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