Issue date: 
Tuesday, 5 July 2016

The New Zealand Debt Management Office (NZDMO) recently announced plans to begin repurchasing the 15 December 2017 nominal government bond in the 2016/17 fiscal year, with the amount repurchased depending on portfolio requirements and market conditions.1  

The first reverse tap tender of the repurchase programme will be held on Wednesday 6 July 2016, with details as follows:

Tender date   6 July 2016
Settlement date 11 July 2016
Bond to be repurchased 15 December 2017
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), Bloomberg (NZDMO7), 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.




Treasury Contacts

Sarah Vrede | Director, Financial Operations and Head of NZDMO
Tel: +64 4 917 6071

Murray Jones | Head of Portfolio Management
Tel: +64 4 917 6075

Last updated: 
Tuesday, 5 July 2016