The Treasury announces the launch of a new 5.00% coupon 15 May 2054 nominal bond. Given the timing of the launch, the Treasury also announces the cancellation of the tender scheduled for 22 February 2024.
The Treasury expects to issue at least NZ$2.0 billion of the 15 May 2054 nominal bond and the transaction will be capped at NZ$4.0 billion. Initial price guidance is -1 to +6 basis points over the 15 May 2051 nominal bond.
The issue will be priced on Wednesday 21 February 2024 NZT, and further issuance of the new bond will not occur prior to May 2024.
Bank of New Zealand; Commonwealth Bank of Australia; J.P. Morgan Securities Australia Limited; UBS AG, Australia Branch; 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]