RBNZ announces OMO for Corporate & Asset-Backed Securities

RBNZ announces OMO for Corporate & Asset-Backed Securities

RBNZ announces OMO for Corporate & Asset-Backed Securities

Mar 30 2020

The RBNZ today announced a new weekly Open Market Operation (OMO) that will provide liquidity in exchange for eligible Corporate and Asset-Backed securities.

The OMO will be held at 11:00am each Tuesday morning and will typically offer up to $500 million dollars for terms out to approximately 3 months. 

It will operate in a similar manner to the RBNZ’s regular OMOs and will be used to inject cash into the banking system using eligible Corporate and Asset-Backed securities.

For full operational details,  read the RBNZ Domestic Markets release
For a list of eligible securities, click here