Big increase in domestic bond programme

Local investor demand is encouraging the New Zealand Debt Management Office to increase the 2009/10 domestic bond programme by 16%, or $2 billion, to $12.5 billion.

It was probable that available bonds, readily bought by the market, would not be available, as $10.47 billion of the $10.5 bllion domestic bond programme announced in December had already been sold, the Bank said in a statement.

“This increase to the programme allows us to continue regular issuance for the remainder of the fiscal year in line with market demand,” said Philip Combes, Treasurer, NZDMO.

On May 20 government will announce its 2010/11 domestic debt programme, and any increase in this year’s programme has potentially lessened funding requirements for the year ahead.

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PEB - Pacific Edge Placement Increased to NZ$25.4 Million
Radius Care Reports Earnings Growth and 50% Higher Dividend
May 13th Morning Report
Pacific Edge launches capital raise of NZ$24 million
SML - Resignation of Synlait Director
FBU - Sale of Laminex Cheltenham property
CVT - Comvita Achieves Minimum Capital Raise Requirement
Devon Funds Morning Note - 04 May 2026
MEL - Meridian joins global ranks of sustainable companies
May 5th Morning Report