The New Zealand Debt Management Office (NZDMO) (AAA/Aaa/AAA) confirmed the initial volume of the new June 2023 benchmark government bond it will introduce via tender on June 10, with NZ$100 million (US$82.3 million) of the new bond to be placed. The new line, the introduction of which comes on the back of what the agency calls strong recent demand for longer-dated New Zealand government securities, will extend the issuer's benchmark curve by two years.