INDEPENDENT NEWS

Clarification of Reuters story on HNZ bonds

Published: Thu 24 Feb 2000 06:20 PM
Clarification of Reuters story on HNZ bonds
The Treasury and the Finance Minister's Office have received a number of inquiries seeking clarification of comments made by Dr Cullen on the future of Housing New Zealand and the implications of that for HNZ bonds.
Dr Cullen was giving a hypothetical answer to a hypothetical question. He was asked if the Government converted HNZ back into a department, what would happen to HNZ bonds.
No decision has been taken on the future structure and status of HNZ. Neither is one expected in the near future.
ENDS

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