Deputy Secretary, Financial Operations and Head of NZDMO
In conjunction with the Pre-election Economic and Fiscal Update 2014, the New Zealand Debt Management Office (NZDMO) has released a domestic bond programme that is unchanged from Budget 2014.
Forecast Gross Bond Issuance
|$ Billion (face value)||2014/15||2015/16||2016/17||2017/18|
- Subject to market conditions, a new 20 September 2035 inflation-indexed bond will be launched, via syndication, in the first half of 2014/15.
- Inflation-indexed bond issuance remains up to $3.0 billion of the $8.0 billion 2014/15 domestic bond programme.
- NZDMO intends to continue the April 2015 nominal bond repurchase programme until 15 October 2014, at which time the Reserve Bank of New Zealand will open their regular repurchase window.
Brendon Doyle | Deputy Secretary, Financial Operations and Head of NZDMO
Tel: +64 4 917 6133
Sarah Vrede | Head of Portfolio Management
Tel: +64 4 917 6071