Issue date: 
Thursday, 31 March 2016

The New Zealand Debt Management Office (NZDMO) today announced the launch of a new 2.75% coupon 15 April 2025 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 24 to 29 basis points over the 15 April 2023 nominal bond.

The issue is expected to be priced on Friday 1 April 2016, and further issuance of the new bond will not occur prior to July 2016.

Bank of New Zealand, Citigroup Global Markets Australia Pty Limited, Commonwealth Bank of Australia, and Deutsche Bank AG, New Zealand Branch are Joint-Lead Managers for the issue.

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


Treasury Contacts

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

Last updated: 
Wednesday, 15 June 2016