12 Apr 2011

DMO to seek more funds

11:39 am on 12 April 2011

Strong investor demand has prompted the Debt Management Office to borrow more money.

The Debt Management Office will seek an extra $1.6 billion in the next couple of months, to take the total sought to $16.5 billion dollars in the year to June.

It's the second increase in borrowing in two weeks.

The DMO says investor interest has been robust and it has raised $14.4 billion already.