The New Zealand Debt Management Office today announced that $2.0 billion of 15 April 2037 nominal bonds have been issued via syndication.
The bonds, which carry a coupon of 2.75%, were issued at a spread of 27 basis points over the 14 April 2033 nominal bond, at a yield to maturity of 2.915%. Total book size, within the initial pricing guidance range of 25 to 31 basis points, exceeded $2.5 billion.
Settlement will occur on 30 August 2016 and further issuance of the new 2037 nominal bond will not occur prior to December 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