In conjunction with the Half Year Economic and Fiscal Update 2014, the New Zealand Debt Management Office has released a domestic bond programme that is unchanged from the Pre-election Economic and Fiscal Update (PREFU) 2014 over a comparable period.
The addition of 2018/19 to the forecast period gives rise to a $7 billion bond programme in that year.
Domestic Bond Programme
($billion, face value)
|Gross bond issuance||8.0||7.0||7.0||7.0||7.0||36|
|Repayment of market bonds||8.7||1.2||-||11.3||11.5||32.7|
|Net bond issuance||-0.7||5.8||7.0||-4.3||-4.5||3.3|
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