The New Zealand Debt Management Office (NZDMO) today announced that the 2010/11 domestic bond programme has been increased by a further $1.5 billion to a maximum of $16.5 billion.
Since announcing a revision to the programme to $15 billion on 30 March, strong investor demand has continued, with $14.4 billion now completed.
Today’s increase allows for the ongoing issuance of bonds ahead of the scheduled update to the programme to be announced in conjunction with the Government’s Budget on 19 May 2011.
Philip Combes | Treasurer
Tel: +64 4 917 6133
Andrew Turner | Head of Portfolio Management
Tel: +64 4 917 6071