Treasurer, New Zealand Debt Management Office
The New Zealand Debt Management Office (NZDMO) has announced details of its first tap tender to be held today, 11 July 2008.
The bonds to be issued are $75 million of 6% 15 April 2015 bonds and $25 million of 6% 15 December 2017 bonds. Bidding and settlement details are as follows:
|Tender bids close||2.30pm 11 July 2008|
|Tender results announced||3.00pm 11 July 2008|
|Settlement date||16 July 2008|
Taps tender are open to all institutions registered to bid in New Zealand government securities. All tenders will be conducted in accordance with the arrangements specified in the New Zealand Government Bonds Information Memorandum.
Bonds issued via tap tender will be within the 2008/09 Domestic Bond Programme of up to $3,400 million.
The next regular bond tender is scheduled for 17 July 2008.
Phillip Combes | Treasurer
Tel: +64 4 917 6133
Andrew Turner | Head of Portfolio Management
Tel: +64 4 917 6071