March 18, 2020 / 10:26 PM / 23 days ago

NZ says treasury bill tenders to be held weekly

WELLINGTON, March 19 (Reuters) - New Zealand said on Thursday that treasury bill tenders will be held weekly to support the government’s increased short-term funding requirements amid continuing economic impact from the coronavirus outbreak.

The weekly tenders will start from March 24, the treasury department said in a statement.

Treasury Bills on issue are forecast to be NZ$4 billion at June 30, 2020, which is NZ$1 billion higher than was forecast at the Half Year Economic and Fiscal Update 2019, it said. (Reporting by Praveen Menon Editing by Chris Reese)

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