The Treasury announces the launch of a new 4.25% coupon 15 May 2036 nominal bond. Given the timing of the launch, the Treasury also announces the cancellation of the tender scheduled for 22 August 2024.
The Treasury expects to issue at least NZ$3.0 billion of the 15 May 2036 nominal bond. The transaction will be capped at NZ$6.0 billion. Initial price guidance is 7 to 11 basis points over the 15 May 2035 nominal bond.
The issue will be priced on Tuesday 20 August 2024 NZT, and further issuance of the new bond will not occur prior to January 2025.
ANZ Bank New Zealand Limited; 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]