The Treasury has today announced that NZ$4.5 billion of nominal 15 May 2041 New Zealand Government Bonds have been issued via syndication.
The bonds, which carry a coupon of 1.75%, were issued at a spread of 31 basis points over the 15 April 2037 nominal bond, at a yield to maturity of 1.64%. Total book size, within the initial pricing guidance range of 29 to 36 basis points, exceeded NZ$8.5 billion.
Settlement will occur on 21 July 2020 and further issuance of the new bond will not occur prior to October 2020.
Acting Director, Capital Markets
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Head of Portfolio Management
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