The Treasury has announced details of the regular New Zealand Government Bond (NZGB) tender schedule for the month of July 2022. Formal confirmation of each tender occurs on announcement dates.
| Tender | Bond | Maturity | Volume ($m) | Announcement | Tender | Settlement |
|---|---|---|---|---|---|---|
| 821 | Nominal | 15-May-26 | 200 | 06-Jul-22 | 07-Jul-22 | 12-Jul-22 |
| 821 | Nominal | 20-Apr-29 | 150 | 06-Jul-22 | 07-Jul-22 | 12-Jul-22 |
| 821 | Nominal | 15-May-51 | 50 | 06-Jul-22 | 07-Jul-22 | 12-Jul-22 |
| 822 | Nominal | 15-Apr-27 | 200 | 13-Jul-22 | 14-Jul-22 | 19-Jul-22 |
| 822 | Nominal | 14-Apr-33 | 150 | 13-Jul-22 | 14-Jul-22 | 19-Jul-22 |
| 822 | Nominal | 15-Apr-37 | 50 | 13-Jul-22 | 14-Jul-22 | 19-Jul-22 |
| 823 | Nominal | 15-May-26 | 200 | 20-Jul-22 | 21-Jul-22 | 26-Jul-22 |
| 823 | Nominal | 20-Apr-29 | 150 | 20-Jul-22 | 21-Jul-22 | 26-Jul-22 |
| 823 | Nominal | 15-May-51 | 50 | 20-Jul-22 | 21-Jul-22 | 26-Jul-22 |
| 824 | Nominal | 15-Apr-27 | 200 | 27-Jul-22 | 28-Jul-22 | 2-Aug-22 |
| 824 | Nominal | 14-Apr-33 | 150 | 27-Jul-22 | 28-Jul-22 | 2-Aug-22 |
| 824 | Nominal | 15-Apr-37 | 50 | 27-Jul-22 | 28-Jul-22 | 2-Aug-22 |
- Tenders will be governed by the official Operating Rules and Guidelines (PDF 222KB). The preference will be to fill tenders according to volumes announced in the tender schedule, to the extent possible.
- Subject to demand and market conditions, inflation-indexed bond (IIB) tenders are scheduled for 14 July 2022 and 28 July 2022. IIB tender details will be announced on the Wednesday prior to the Thursday tender, and held alongside nominal bond tenders at 2pm.
RBNZ’s Large Scale Asset Purchase Programme
- On 9 June 2022, the Reserve Bank of New Zealand (RBNZ) announced operational details of how sales of NZGBs purchased under its Large Scale Asset Purchase (LSAP) programme, will be undertaken, to NZDM. NZDM will publish sales results on the data page of the NZDM website.
- As previously announced, NZDM have incorporated these NZGB repurchases into the forecast core Crown borrowing programme and NZGBs repurchased from the RBNZ will be retired. NZDM will issue the entire borrowing programme according to the NZDM funding strategy, independent of the bond maturities repurchased from the RBNZ.
ENDS
Treasury Contacts
Matthew Collin | Head of Funding, Investment and Markets
Tel: +64 4 917 6015
[email protected]
Kim Martin | Head of New Zealand Debt Management
Tel: +64 4 890 7274
[email protected]