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