Issue date: 
Monday, 14 November 2022

The Treasury announces the launch of a new 4.25% coupon 15 May 2034 nominal green bond. Given the timing of the launch, the Treasury also announces the cancellation of the tender scheduled for 17 November 2022.

As previously announced, the Treasury expects to issue at least NZ$2.0 billion of the 15 May 2034 nominal green bond and the transaction will be capped at NZ$3.0 billion. Initial price guidance is 5 to 8 basis points over the 14 April 2033 nominal bond. 

The issue will be priced on Tuesday 15 November 2022, and further issuance of the new bond will not occur prior to February 2023.

ANZ Bank New Zealand Limited; Bank of New Zealand; Deutsche Bank AG, Sydney; UBS AG, Australia Branch; and Westpac Banking Corporation, New Zealand are Joint-Lead Managers for the issue.

 

ENDS

 

Treasury Contacts

Matthew Appleby | Acting Head of Funding, Investment and Markets
Tel: +64 4 831 4629
[email protected]

Kim Martin | Head of New Zealand Debt Management
Tel: +64 4 890 7274
[email protected]

Last updated: 
Monday, 14 November 2022