Deputy Secretary, Financial Operations and Head of NZDMO
The New Zealand Debt Management Office (NZDMO) today announced details of the New Zealand government bond tender schedule for the third quarter of the 2013/14 fiscal year.
Government Bond Tender Schedule - Quarter Ending 31 March 2014
As announced in conjunction with the Half-Year Economic and Fiscal Update 2013, NZDMO plans to repurchase up to $3.0 billion of the 15 April 2015 bond over the second-half of the 2013/14 fiscal year, subject to market conditions.
Repurchases will occur via reverse tap tender, with timing dependent on NZDMO's portfolio requirements and market conditions. Announcements relating to repurchases will be made at 11.30am on the NZDMO website, Bloomberg, Reuters, and the Yieldbroker Auction System, with tenders occurring the following day at 2.00pm.
The first Treasury bill tender for the March quarter will be held on 4 February 2014, with tenders occurring fortnightly thereafter.
Brendon Doyle | Treasurer
Tel: +64 4 917 6133
Sarah Vrede | Head of Portfolio Management
Tel: +64 4 917 6071