The Treasury announces the launch of the syndicated tap of the 2.00% coupon, 15 May 2032 nominal New Zealand Government Bond. Given the timing of the launch, the Treasury also announces the cancellation of the tender scheduled for 3 April 2025.
The Treasury expects to issue at least NZ$3.0 billion of the 15 May 2032 nominal bond. The transaction will be capped at NZ$4.0 billion. Initial price guidance is 14 to 17 basis points over the 15 May 2031 nominal bond.
The issue will be priced on Wednesday 2 April 2025 NZT, and further issuance of the bond will not occur prior to July 2025.
ANZ Bank New Zealand Limited; Bank of New Zealand; Citigroup Global Markets Limited; and Westpac Banking Corporation, New Zealand are Joint-Lead Managers for the issue.
ENDS
Treasury Contacts
Kim Martin | Director, New Zealand Debt Management
Tel: +64 4 890 7274
[email protected]
Paxton McKenzie | Head of Funding, Investment and Markets
Tel: +64 4 917 6925
[email protected]