The Treasury announces the launch of the syndicated tap of the 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 24 October 2024.
The Treasury expects to issue at least NZ$3.0 billion of the 15 May 2030 nominal bond. The transaction will be capped at NZ$5.0 billion. Initial price guidance is 13 to 16 basis points over the 20 April 2029 nominal bond.
The issue will be priced on Tuesday 22 October 2024 NZT, and further issuance of the bond will not occur prior to February 2025.
ANZ Bank New Zealand Limited; Bank of New Zealand; Commonwealth Bank of Australia; and Westpac Banking Corporation, New Zealand 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]