Issue date: 
Thursday, 1 February 2007

Immediate Release

Philip Combes
Treasurer
New Zealand Debt Management Office

Infrastructure Bonds 

On 19 December 2006, the NZDMO announced that it expected to issue up to $150 million of Infrastructure Bonds in the 2006/2007 fiscal year.

The New Zealand Debt Management Office (NZDMO) today announced further details of the Infrastructure Bonds to be issued in bond tender 237, which is to be held on 15 February 2007.

Two bonds will be offered at the tender, of which $100 million will be 15 December 2017 bonds. Of these 15 December 2017 bonds, $50 million will be designated as Infrastructure Bonds.

Infrastructure Bonds will be issued on the same terms and conditions as other New Zealand Government Bonds. They will be fully fungible with existing government bonds of the same maturity dates. The tender process remains the same in that bidders will not be required to specify whether bids are for Infrastructure or other bonds.

Infrastructure Bonds will, however, be identified as a separate line item in the Financial Statements of the Government and in the Treasury’s annual report.

A revised Investment Statement reflecting the introduction of Infrastructure Bonds will be made available before the tender. The overall composition of the tender will be announced a week prior to the tender as is normal practice.

ENDS

Treasury Contacts

Philip Combes | Treasurer
Tel: +64 4 917 6133

Andrew Turner | Head of Portfolio Management
Tel: +64 4 917 6071

Last updated: 
Friday, 8 July 2016