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:

GEN - Dividend Reinvestment Plan Strike Price
Fletcher Building Update on Funding Facilities
December 5th Morning Report
Pacific Edge Names Simon Flood Chairman Designate
Fonterra provides FY26 Q1 business update
Devon Funds Morning Note - 4 December 2025
Six60 x SYNTHONY join forces for the first concert at One NZ Stadium
December 4th Morning Report
WCO - WasteCo appoints Stephen Towsen as Chief Operating Officer
December 3rd Morning Report