Issue date: 
Wednesday, 14 October 2015

Sarah Vrede
Head of NZDMO

The New Zealand Debt Management Office (NZDMO) today announced the launch of a new 3.50% coupon 14 April 2033 nominal bond by way of syndication.

The NZDMO will issue between $1.0 billion and $2.0 billion, with the transaction capped at $2.0 billion. Initial price guidance is 33 to 38 basis points over the 15 April 2027 nominal bond.

The issue is expected to be priced on Thursday 15 October 2015, and further issuance of the new bond will not occur prior to February 2016.

ANZ Bank New Zealand Limited, Citigroup Global Markets Australia Pty Limited, UBS AG (Australia Branch), and Westpac Banking Corporation (acting through its New Zealand Branch) are Joint-Lead Managers for the issue.

NZDMO will consider early reflection of interest and price leadership when making allocation decisions.

As this transaction is capped at $2.0 billion, the book may close at short notice.


Treasury Contacts

Sarah Vrede | Head of NZDMO
Tel: +64 4 917 6071

Murray Jones | Head of Portfolio Management
Tel: +64 4 917 6075

Last updated: 
Thursday, 23 June 2016