The New Zealand Debt Management Office announced today that $2 billion of 15 April 2020 government bonds have been issued via syndication.
The bonds, which carry a coupon of 3%, were issued at a yield to maturity of 3.15%. Total book size, within the initial syndication pricing range, was in excess of $2.8 billion.
Settlement will occur on 15 April 2013.
No 15 April 2020 bonds will be offered in tenders prior to 30 May 2013. NZDMO will continue to assess demand for bond maturities ahead of each tender as well as taking into account its own portfolio requirements.
Further announcements relating to the Government’s domestic bond programme will be made in conjunction with the Government’s Budget to be released on 16 May 2013.
Brendon Doyle | Treasurer
Tel: +64 4 917 6133
Sarah Vrede | Head of Portfolio Management
Tel: +64 4 917 6073