Investor Presentaiton

Forecasts Year ending 30 June (face value) 2024 2025 2026 2027 2028 Total Gross NZGB issuance (NZ$ billion) 38.0 36.0 34.0 28.0 16.0 152.0 NZGB maturities and repurchases (NZ$ billion) 18.8 19.9 18.1 22.6 15.5 94.8 Net NZGB issuance (NZ$ billion) 19.2 16.2 15.9 5.4 0.5 57.2 NZGBS outstanding (NZ$ billion) 171.6 187.8 203.7 203.7 209.1 209.6 n/a NZGBS outstanding (% GDP) 41% 43% 44% 43% 41% n/a Forecast short-term borrowings (NZ$ billion) 9 9 9 9 9 n/a Change in NZGB issuance (relative to PREFU) 2 1 4 0 n/a 7 Change in short-term borrowings (relative to PREFU) 0 0 0 0 n/a n/a Source: NZDM, The Treasury

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