NZDMO adds $1 bln to bond programme in 2015/16 year

Thu, 21 May 2015

By Paul McBeth May 21 (BusinessDesk) - The New Zealand Debt Management Office will increase borrowing by an extra $1 billion in the 2016 financial year, a period where the Treasury anticipates a bigger cash deficit as capital spending is expected to exceed cash flows. The DMO will issue $37 billion of bonds between the 2014/15 and 2018/19 financial years for a net issuance of $4.3 billion, it said in a statement. That includes an extra $1 billion in the 2015/16 year, when the office will raise $8 billion and repay $1.2 billion of maturing...

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