Issue date: 
Tuesday, 8 June 2021

The Treasury announces the launch of a new 2.00% coupon 15 May 2032 nominal bond. Given the timing of the launch, the Treasury also announces the cancellation of the tender scheduled for 10 June 2021.

The Treasury expects to issue at least NZ$2.0 billion of the 15 May 2032 nominal bond and the transaction will be capped at NZ$3.0 billion. Initial price guidance is 13 to 16 basis points over the 15 May 2031 nominal bond. 

The issue will be priced on Wednesday 9 June 2021, and further issuance of the new bond will not occur prior to September 2021.

ANZ Bank New Zealand Limited, Bank of New Zealand, Commonwealth Bank of Australia; and J.P. Morgan are Joint-Lead Managers for the issue.

 

ENDS

Treasury Contacts

Andrew Hagan
Executive Director, Capital Markets

+64 4 917 6937

Matthew Collin
Head of Portfolio Management

+64 4 917 6015

Last updated: 
Tuesday, 8 June 2021