Head of NZDMO
The New Zealand Debt Management Office today announced that $2.0 billion of 14 April 2033 nominal bonds have been issued via syndication.
The bonds, which carry a coupon of 3.50%, were issued at a spread of 33 basis points over the 15 April 2027 nominal bond, at a yield to maturity of 3.64%. Total book size, within the initial pricing guidance range of 33 to 38 basis points, exceeded $3.8 billion.
Settlement will occur on 22 October 2015.
Further issuance of the new 2033 nominal bond will not occur prior to February 2016.
Sarah Vrede | Head of NZDMO
Tel: +64 4 917 6071
Murray Jones | Head of Portfolio Management
Tel: +64 4 917 6075