The New Zealand Debt Management Office today announced that $1.5 billion of 20 September 2040 inflation-indexed bonds have been issued via syndication.
The bonds, which carry a coupon of 2.50%, were issued at a spread of 23 basis points over the 20 September 2035 inflation-indexed bond, at a yield to maturity of 2.69%. Total book size, within the initial pricing guidance range of 20 to 27 basis points, exceeded $2.4 billion.
Settlement will occur on 10 March 2017 and further issuance of the new bond will not occur prior to July 2017.
Andrew Hagan | Acting Director, Financial Operations and Head of NZDMO
Tel: +64 4 917 6937
Murray Jones | Head of Portfolio Management
Tel: +64 4 917 6075