The Treasury has today announced that NZ$3.0 billion of the nominal 15 May 2051 New Zealand Government Bond has been issued via syndication.
The bonds, which carry a coupon of 2.75%, were issued at a spread of 25 basis points over the 15 May 2041 nominal bond, at a yield to maturity of 2.8575%. Total book size, at final price guidance, exceeded NZ$12 billion.
Settlement will occur on 24 September 2021 and there will be no further issuance of the new bond prior to December 2021.
Executive Director, Capital Markets
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Head of Portfolio Management
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