The New Zealand Debt Management Office (NZDMO) announced on 6 November that it will not be proceeding with the syndicated launch of a new 2029 New Zealand government bond by the end of calendar 2017 as originally planned. The NZDMO says a “stronger than expected core Crown residual cash position” is responsible for the postponement, adding that the new bond will now likely be introduced in the first half of 2018.