The Treasury announces the syndicated tap of the 3.50% coupon 14 April 2033 nominal bond. Given the timing of the launch, the Treasury also announces the cancellation of the tender scheduled for 6 July 2023.
The Treasury expects to issue at least NZ$3.0 billion of the 14 April 2033 nominal bond and the transaction will be capped at NZ$5.0 billion. Initial price guidance is 4 to 7 basis points over the 15 May 2032 nominal bond.
The issue will be priced on Thursday 6 July 2023 NZT, and further issuance of the bond will not occur prior to October 2023.
ANZ Bank New Zealand Limited; Commonwealth Bank of Australia; UBS AG, Australia Branch; and Westpac Banking Corporation, New Zealand are Joint-Lead Managers for the issue.
Kim Martin | Director, New Zealand Debt Management
Tel: +64 4 890 7274
Paxton McKenzie | Head of Funding, Investment, and Markets
Tel: +64 4 917 6925