Pursuant to section 65ZD(3) of the Public Finance Act 1989, the Minister of Finance makes the following statement:
"On 14 May 2014, 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 11,250,000. A premium, commensurate with the risk, will be paid for this Guarantee."
Dated at Wellington this 15th day of May 2014.
BRENDON DOYLE, Deputy Secretary, Financial Operations and Head of New Zealand Debt Management Office.