Issue date: 
Tuesday, 7 April 2009

Philip Combes
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
Coupon                            7.00%
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.


Treasury Contacts

Phillip Combes | Treasurer
Tel: +64 4 917 6133
Andrew Turner | Head of Portfolio Management
Tel: +64 4 917 6071

Last updated: 
Friday, 8 July 2016