The Treasury announces the launch of the syndicated tap of the 0.25% coupon 15 May 2028 nominal bond. Given the timing of the launch, the Treasury also announces the cancellation of the tender scheduled for 6 June 2024.
The Treasury expects to issue at least NZ$2.0 billion of the 15 May 2028 nominal bond. The transaction will be capped at NZ$4.0 billion. Initial price guidance is 3 to 6 basis points under the 15 April 2027 nominal bond.
The issue will be priced on Thursday 6 June 2024 NZT, and further issuance of the bond will not occur prior to September 2024.
ANZ Bank New Zealand Limited; Bank of New Zealand; Citigroup Global Markets Limited; and Commonwealth Bank of Australia are Joint-Lead Managers for the issue.
ENDS
Treasury Contacts
Paxton McKenzie | Head of Funding, Investment and Markets
Tel: +64 4 917 6925
[email protected]
Kim Martin | Director, New Zealand Debt Management
Tel: +64 4 890 7274
[email protected]