Issue date: 
Tuesday, 11 February 2014

Brendon Doyle
Deputy Secretary, Financial Operations and Head of NZDMO

The New Zealand Debt Management Office (NZDMO) recently announced plans to repurchase up to $3 billion of the 15 April 2015 nominal government bond over the second half of the 2013/14 fiscal year, subject to market conditions.[1]

NZDMO today announced the first reverse tap tender of the repurchase programme will be held on Wednesday 12 February 2014, with details as follows:

Bond Repurchase Details

Tender date 12 February 2014
Settlement date 17 February 2014
Bond to be repurchased 15 April 2015
Coupon 6.00%
Total volume Up to $500 million
Tender close 2.00 pm (NZST)
Results announced 2.05 pm (NZST)


Further reverse tap tenders will be announced depending on NZDMO’s portfolio requirements and market conditions. These announcements will be published on the Yieldbroker Auction System, Reuters (NZDMO08) and Bloomberg (NZDMO2), and the NZDMO website. NZDMO will not issue media statements for further reverse tap tenders under this repurchase programme.

All technical questions relating to placing offers should be directed to the Yieldbroker Helpdesk on +61 2 9994 2800.


Notes

[1] Refer the following Media Statements released in conjunction with the Half-Year Economic and Fiscal Update 2013:

ENDS

Treasury Contacts

Brendon Doyle | Treasurer
Tel: +64 4 917 6133

Sarah Vrede | Head of Portfolio Management
Tel: +64 4 917 6071

Last updated: 
Thursday, 23 June 2016