bond tagged posts

Government Seeks Feedback on Bond Tax

September 28, 2009 New Zealand FinanceNew Zealand Taxation

Peter Dunne has announced the publication of a paper seeking feedback on taxation of New Zealand’s bond market.

In an effort to foster the growth of New Zealand’s domestic bond market, Peter Dunne, New Zealand Revenue Minister, has announced the publication of “AIL, NRWT and the bond market”. Primarily, the paper is concerned with the idea of lowering the Approved Issuer Levy on bonds to 0% when pre-determined circumstances are met.

It is suggested by the paper that dispensing with AIL, which according to the publication also can serve as a proxy for Non-Resident Withholding Tax (NWRT), could create a marginal advantage for the domestic bond market by easing the financial burden of issuing to non-residents...

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New Government Bonds Introduced

May 6, 2009 New Zealand Finance  No comments

The Government will be introducing a longer period bond at its 7th of May bond tender.

According to a Beehive Media Release, the Government is issuing a 12-year bond. Seemingly this move comes from the explicit request of investors. Statements from New Zealand Prime Minister John Key show that the investor market is expressing a desire for a higher than 10-year bond. Further, with the forecasted increased borrowing by the Government, to cover and widening budget deficit, the borrowing program is aimed at becoming more appealing to investors.

John Key went on to say that the Government is n the process of evaluating further issuance of even longer bonds. The prime example mentioned was a 15-year bond...

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