NZDMO prints its NZ$1.5 billion cap in new 2040 linker syndication

The New Zealand Debt Management Office (NZDMO) (AA+/Aaa/AA+) printed to top of its target volume of NZ$1-1.5 billion (US$706.1 million – NZ$1.1 billion) in the 3 March syndication of its new 2040 inflation-linked bond. The issuer says books exceeded NZ$2.4 billion.