Issue date: 
Tuesday, 1 July 2014

Brendon Doyle
Deputy Secretary, Financial Operations and Head of NZDMO

The New Zealand Debt Management Office (NZDMO) announces the launch of a new 4.5% coupon 15 April 2027 nominal bond by way of syndication. 

The NZDMO will issue between $1 billion and $2 billion, with the transaction capped at $2 billion.  Initial price guidance is 21 to 25 basis points over the New Zealand 15 April 2023 nominal bond.

The issue is expected to be priced on Wednesday, 02 July 2014, and further issuance of the new 2027 nominal bond will not occur prior to September 2014.

ANZ Bank New Zealand, Bank of New Zealand, Deutsche Bank AG (New Zealand Branch), and UBS AG (Australia Branch) are Joint-Lead Managers for the issue.

As this transaction is capped at $2 billion, the book may close at short notice. 

ENDS

Treasury Contacts

Brendon Doyle | Deputy Secretary, Financial Operations and Head of NZDMO
Tel: +64 4 917 6133

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

Last updated: 
Thursday, 23 June 2016