Treasurer, New Zealand Debt Management Office
The New Zealand Debt Management Office (NZDMO) announced today it would begin repurchasing the 15 July 2009 government bond. The first reverse tap tender is to be held on Wednesday 8 April 2009.
Tender date 8 April 2009
Settlement date 15 April 2009
Maturity 15 July 2009
Total volume up to $300 million
Offers close 12 noon NZ time
Results announced 12.30 p.m. NZ time
Future reverse tap tenders will be announced depending on market conditions, feedback from the market and our own portfolio requirements. These announcements will be made on NZDMO's Reuters and Bloomberg pages and on the NZDMO website.
All institutions registered to bid in government securities tenders are automatically approved to take part in bond repurchases. Registered institutions wishing to sell bonds to the NZDMO should lodge their offers in Austraclear.
Bond Repurchase tenders will be identified with the 8000 tender series prefixed with O (for "offer"). Any technical questions relating to placing offers in Austraclear should be directed to the Austraclear Helpdesk on 64 4 471 3918.
Phillip Combes | Treasurer
Tel: +64 4 917 6133
Andrew Turner | Head of Portfolio Management
Tel: +64 4 917 6071