Notice Type
Departmental
Notice Title

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

Pursuant to section 65ZD(3) of the Public Finance Act 1989, the Minister of Finance makes the following statement:

“On 13 April 2015, 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 General Contract Bond Guarantee to ANZ Bank New Zealand Limited to support the issue of a Performance Security in the form of an irrevocable transferable standby letter of credit on behalf of a New Zealand exporter. The New Zealand Export Credit Office maximum guarantee liability is USD 12,000,000. A premium, commensurate with the risk, will be paid for this Guarantee.”

Dated this 13th day of April 2015.

BRENDON DOYLE, Deputy Secretary, Financial Operations and Head of New Zealand Debt Management Office.