The Treasury has announced details of the regular New Zealand Government Bond (NZGB) tender schedule for the month of March 2023. Formal confirmation of each tender occurs on announcement dates.
- Tenders will be governed by the official Operating Rules and Guidelines. The preference will be to fill tenders according to volumes announced in the tender schedule, to the extent possible.
- An inflation-indexed bond (IIB) tender is scheduled for 9 March 2023 and 23 March 2023 subject to demand and market conditions. IIB tender details will be announced on the Wednesday prior to the Thursday tender and held alongside nominal bond tenders at 2pm.
- Subject to market conditions, it is expected a new 15 May 2030 nominal bond will be launched, via syndication, in the month of March 2023. Further details, including the syndicate panel, will be announced in subsequent updates. As per usual practice, if the syndication occurs, the tender that is scheduled in the same week will be cancelled.
Matthew Appleby | Acting Head of Funding, Investment and Markets
Tel: +64 4 831 4629
Kim Martin | Head of New Zealand Debt Management
Tel: +64 4 890 7274