NZDMO increases 2010/11 issuance programme by NZ$1 billion

The New Zealand Debt Management Office (NZDMO) announced on December 14 that its government bond issuance programme for 2010/11 has been increased to NZ$13.5 billion (US$10.1 billion) from the previous target of NZ$12.5 billion. As the half-way point of the financial year approaches the NZDMO has completed NZ$7.8 billion of borrowing in 2010/11.