The Treasury has today announced that NZ$7.0 billion of nominal 15 May 2024 New Zealand Government Bonds have been issued via syndication.
The bonds, which carry a coupon of 0.50%, were issued at a spread of 9 basis points over the 15 April 2023 nominal bond, at a yield to maturity of 0.4275%. Total book size, within the initial pricing guidance range of 9 to 12 basis points, exceeded NZ$14.0 billion.
Settlement will occur on 23 June 2020 and further issuance of the new bond will not occur prior to September 2020.
Treasury also announces the 2019/20 New Zealand Government Bond Programme has been increased to NZ$29 billion, from NZ$25 billion. As previously announced, a further update to the core Crown borrowing programme is expected to occur alongside the Pre-Election Economic and Fiscal Update (PREFU) 2020.
Kim Martin | Acting Director, Capital Markets
Tel: +64 4 890 7274
Matthew Collin | Head of Portfolio Management
Tel: +64 4 917 6015