The Treasury announces the launch of a new 4.50% coupon 15 May 2030 nominal bond. Given the timing of the launch, the Treasury also announces the cancellation of the tender scheduled for 9 March 2023.
The Treasury expects to issue at least NZ$3.0 billion of the 15 May 2030 nominal bond and the transaction will be capped at NZ$5.0 billion. Initial price guidance is 2 to 5 basis points over the 20 April 2029 nominal bond.
The issue will be priced on Tuesday 7 March 2023, and further issuance of the new bond will not occur prior to June 2023.
ANZ Bank New Zealand Limited; Commonwealth Bank of Australia; J.P. Morgan; 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