Notice Title

Statement of Export Credit Office Guarantee Given Under the Public Finance Act 1989

Publication Date
11 Jul 2013

Tags

Public Finance Act Statements

Notice Number

2013-go3396

Page Number

2358

Issue Number

88
Title
View PDF
Description
Principal Edition, 11 July 2013.
File Type and Size
PDF (375 KB)
Page Number
See page 2358
Pursuant to section 65ZD(3) of the Public Finance Act 1989, the Minister of Finance makes the following statement:
"On 13 May 2013, the Deputy Secretary, Financial Operations and Head of NZDMO acting for and
on behalf of the Honourable Bill English, Minister
of Finance on behalf of the Crown, provided a
New Zealand Export Credit Office Financing Guarantee to Westpac Banking Corporation in relation to letters of credit issued by an off-shore bank. The New Zealand Export Credit Office's maximum guarantee liability is EUR 18,750,000. A premium, commensurate with the risk, will be paid for this Guarantee."
Dated at Wellington this 4th day of July 2013.
BRENDON DOYLE, Deputy Secretary, Financial Operations and Head of New Zealand Debt Management Office.