The Treasury’s New Zealand Debt Management Office (NZDMO) announces the launch of a new 3.00% coupon 20 April 2029 nominal bond by way of syndication. Given the timing of the launch, NZDMO also announces the cancellation of the 15 April 2025 nominal bond tender scheduled for 15 March 2018.
The NZDMO will issue between $1.5 billion and $2.0 billion of the 20 April 2029 nominal bond, with the transaction capped at $2.0 billion. Initial price guidance is 16 to 19 basis points over the 15 April 2027 nominal bond.
The issue is expected to be priced on Tuesday 13 March 2018, and further issuance of the new bond will not occur prior to July 2018.
ANZ Bank New Zealand Limited; Bank of New Zealand; Deutsche Bank AG, Sydney Branch; and UBS AG, Australia Branch are Joint-Lead Managers for the issue.
As this transaction is capped at $2.0 billion, the book may close at short notice.
Sarah Vrede | Director, Financial Operations and Head of NZDMO
Tel: +64 4 917 6071
Matthew Collin | Acting Head of Portfolio Management
Tel: +64 4 917 6015