The Treasury announces the launch of the syndicated tap of the 1.50% coupon, 15 May 2031 nominal New Zealand Government Bond. Given the timing of the launch, the Treasury also announces the cancellation of the tender scheduled for 3 July 2025.
The Treasury expects to issue at least NZ$4.0 billion of the 15 May 2031 nominal bond. The transaction will be capped at NZ$6.0 billion. Initial price guidance is 21 to 24 basis points over the 15 May 2030 nominal bond.
The issue will be priced on Thursday 3 July 2025 NZT, and further issuance of the bond will not occur prior to October 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
Kim Martin | Chief of New Zealand Debt Management
Tel: +64 4 890 7274
Paxton McKenzie | Head of Funding, Investment and Markets
Tel: +64 4 917 6925