DMO increases domestic bond programme again
For the second time in a fortnight, the New Zealand Debt Management Office (DMO) has announced a $1.5 billion increase in its 2010/11 domestic bond programme.
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For the second time in a fortnight, the New Zealand Debt Management Office (DMO) has announced a $1.5 billion increase in its 2010/11 domestic bond programme.
Announcing the second $1.5b increase today, taking the maximum to $16.5b, the DMO said strong investor demand had continued for the programme, with $14.4b now completed.
Today's increase allowed for the continuing issuance of bonds ahead of the scheduled update to the programme to be announced with the budget on May 19.
When it announced the first $1.5b increase at the end of last month, which had taken the maximum to $15b, the DMO said the move reflected the fact that it was significantly ahead of its projected 2010/11 debt issuance track. At that time it had completed $13.2b of the $13.5b programme announced in December.
NZPA
Tue, 12 Apr 2011
Tue, 12 Apr 2011
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DMO increases domestic bond programme again
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