The Treasury has today announced that NZ$4.0 billion of nominal 15 April 2027 New Zealand Government Bonds have been issued via syndicated tap.
The bonds, which carry a coupon of 4.50%, were issued at a spread of 18 basis points over the 15 April 2025 nominal bond, at a yield to maturity of 0.325%. Total book size, within the initial pricing guidance range of 18 to 22 basis points, exceeded NZ$17.5 billion.
Settlement will occur on 1 September 2020 and further issuance of the bond will not occur prior to November 2020.
Acting Director, Capital Markets
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Head of Portfolio Management
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