Radio New Zealand - Te Reo Irirangi o Aotearoa
24 May - 10:45 am NZ
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Govt says strong investor demand for bonds
Updated at 10:40 am on 25 October 2012
The Government says it's received strong investor demand for the first issue of its September 2025 inflation-indexed bonds.
The Debt Management Office has issued 2.5 billion of the 2% coupon bonds, which were heavily oversubscribed, with bids in excess of 4 billion.
It's the first issue of these types of bonds by the Government since 1999.
Finance Minister Bill English says it will help the Government to continue borrowing at competitive market rates, which will minimise its borrowing costs.
Copyright © 2012, Radio New Zealand
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