The Treasury announces the launch of the syndicated tap of the 4.50% coupon, 15 May 2035 nominal New Zealand Government Bond. Given the timing of the launch, the Treasury also announces the cancellation of the tender scheduled for 13 February 2025.
The Treasury expects to issue at least $3.0 billion of the 15 May 2035 nominal bond. The transaction will be capped at NZ$6.0 billion. Initial price guidance is 10 to 13 basis points over the 15 May 2034 nominal bond.
The issue will be priced on Tuesday 11 February 2025 NZT, and further issuance of the bond will not occur prior to June 2025.
Bank of New Zealand; Commonwealth Bank of Australia; UBS AG, Australia Branch; 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]