DMO Exclusives


Exclusive: New Zealand Treasury Debt Management Chief: Green Issuance to Focus on Existing 2034 Bond

Exclusive: New Zealand Treasury Debt Management Chief: Green Issuance to Focus on Existing 2034 Bond

- Kim Martin, NZ Debt Mgmt Chief of Treasury: Timing of two more taps of NZGB lines may not follow 2024 pattern
- Martin: Will issue new 2050 inflation-index bond before 30 June 2026
- Martin: Inflation linked bonds to remain part of our funding mix
- Martin: No reasons to diversify beyond our programme for long-dated issuance
- Martin: ‘A range of factors would need to align before we issued in other currencies’

21 July 2025
Exclusive: Estonian DMO Head: Increased Defence Spending Could Lead to Higher Issuance, Long-Term Bond Comeback

Exclusive: Estonian DMO Head: Increased Defence Spending Could Lead to Higher Issuance, Long-Term Bond Comeback

- Janno Luurmees, Head of Estonia’s State Treasury Department: ‘We anticipate another Treasury bill auction in 2H25’
- Luurmees: Increasing defence spending may lead to higher issuance in 2H25
- Luurmees: Higher defence spending ‘could bring long-term issuance back to consideration’
- Luurmees: Might pre-finance part of 2026 budget if market conditions favourable
- Luurmees: ‘We are far from any kind of debt spiral’
- Luurmees: Currently no decisions made about future retail issuances
- Luurmees: ‘We have no plans to issue green bonds at this stage’

19 May 2025