The New Zealand Debt Management Office today announced that $1.5 billion of 15 April 2025 nominal bonds have been issued via syndication.
The bonds, which carry a coupon of 2.75%, were issued at a spread of 28 basis points over the 15 April 2023 nominal bond, at a yield to maturity of 2.745%. Total book size, within the initial pricing guidance range of 24 to 29 basis points, exceeded $2 billion.
Settlement will occur on 15 April 2016 and further issuance of the new 2025 nominal bond will not occur prior to July 2016.
Sarah Vrede | Director, Financial Operations and Head of NZDMO
Tel: +64 4 917 6071
Murray Jones | Head of Portfolio Management
Tel: +64 4 917 6075