NZDM maintains the ability to issue two types of Foreign Currency debt, Euro Medium Term Notes (EMTN) and Euro Commercial Paper (ECP). We have up-to-date EMTN documentation to enable longer-dated foreign currency issuance, with a programme limit of US$8 billion, as well as ECP documentation for short-dated foreign currency issuance with a programme limit of US$15 billion. We have not issued under our EMTN documentation since 2004, but maintain at least US$1 billion of ECP on issue.
The current ECP Dealers are:
- Barclays Bank PLC
- Citigroup Global Markets Limited
- Goldman Sachs International
- UBS AG, London Branch