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NZDMO revises borrowing requirements

New Zealand's Debt Management Office advised on Friday its latest borrowing requirements for the next fiscal year and beyond. NZDMO expects to issue NZ$12.5 billion of bonds next year, including a new nominal bond with possibly a March 2019 maturity and a possible re-introduction of a new inflation-linked bond. Bond issuance in subsequent years is now expected to be NZ$10.5 billion in 2011/12 (was NZ$12.5 billion); NZ$10 billion in 2012/13 (was NZ$12.5 billion); and NZ$6 billion in 2013/14 (was NZ$7.5 billion).

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