Announcement
GENERAL: LGF: RBNZ Offer to purchase Local Govt Funding Agency bonds
10:49am
LGF
06/04/2020 10:49
GENERAL
NOT PRICE SENSITIVE
REL: 1049 HRS New Zealand Local Government Funding Agency Limited
GENERAL: LGF: RBNZ Offer to purchase Local Govt Funding Agency bonds
NZX Announcement
6 April 2020
RBNZ - Offer to purchase Local Government Funding Agency bonds
The following statement has been released by the Reserve Bank of New Zealand
today.
The Reserve Bank is offering to purchase Local Government Funding Agency
bonds in small scale for liquidity management purposes and to support market
functioning.
This complements the activities of the Reserve Bank to provide liquidity and
support the functioning of the New Zealand government bond market, through
the repurchase programmes of the NZ government bonds maturing on 15 April
2020 and 15 May 2021.
Purchases will be held to maturity on the Reserve Bank's balance sheet, and
governed by the Asset and Liability Committee.
The offer opens at 12:00pm on 6 April 2020 and will remain open until further
notice.
Released on behalf of NZ Local Government Funding Agency Limited by Mark
Butcher, Chief Executive.
Telephone +64 4 974 6744
Email mark.butcher@lgfa.co.nz
Website lgfa.co.nz
End CA:00351321 For:LGF Type:GENERAL Time:2020-04-06 10:49:54
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