The Reserve Bank of New Zealand (RBNZ) has embarked on an asset purchasing programme as part of its regular open market operations in support of monetary policy goals. KangaNews will provide subscribers with easy access to asset purchase data, which will be updated as information is made publicly available by the RBNZ.
On 3 June, Northern Territory Treasury Corporation (NTTC) (Aa3) launched a minimum A$50 million (US$34.8 million) increase to its April 2033 line. Indicative price guidance for the forthcoming deal is 132 basis points area over 10-year futures contract, equivalent to 117.5 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to sole lead manager UBS.
On 29 May, Western Australian Treasury Corporation (WATC) revealed an estimated term funding requirement for the 2020/21 financial year of A$2.6-4.5 billion (US$1.7-3 billion). The announcement followed the state treasurer’s economic update to the Western Australian parliament on 28 May.