Debt Management Office expands bond programme by $6.5 bln

Mon, 17 Dec 2012

Dec. 18 (BusinessDesk) - The New Zealand Debt Management Office has expanded its programme for issuing bonds by $6.5 billion over the next four years and flagged it will sell a further $7 billion in debt the following year. The DMO will issue $14 billion in bonds in the 2012/13 year, an increase of $500 million from the budget, and sell an unchanged $10 billion the following year. That will see some $200 million of nominal bonds in each of the tenders in the March quarter next year, it said in a statement. The office added $2 billion to th...

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