DMO lifts bond issuance by $1 billion in year to June 2022

Thu, 14 Dec 2017

By Rebecca Howard Dec. 14 (BusinessDesk) - The New Zealand Debt Management Office has lifted its issuance programme by $1 billion through June 2022 compared to its prior forecasts and reiterated plans to launch a new April 20, 2029 bond in the first half of 2018. The 2017/18 programme is set at $7 billion, which is in unchanged from the forecasts published in the Pre-Election Economic and Fiscal Update. The new issuance will come in the year to June 2021. As a result, the office will raise $7 billion every year through June 2022, bringin...

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