Treasurer, New Zealand Debt Management Office
NZDMO Announces New Zealand Government Inflation-Indexed Bond Syndicate
The New Zealand Debt Management Office (NZDMO) today appointed a bond syndicate to assist with the issuance of inflation-indexed bonds announced in Budget 2012.
The syndicate consists of:
|Joint Lead Managers||Co-Managers|
|ANZ National Bank Limited||HSBC Limited|
|Deutsche Bank AG, NZ Branch||RBS plc, Australia Branch|
|UBS AG, Australia Branch|
The inflation-indexed bond is likely to have a maturity date of 20 September 2025.
No issue will be completed prior to 1 October 2012. After that date, issuance will depend on suitable market conditions.
At Budget 2012, the NZDMO announced its intention to issue up to $2 billion of inflation-indexed bonds in each of the 2012/13 and 2013/14 fiscal years. Any issuance of inflation-indexed bonds in the 2012/13 fiscal year would form part of this year's $13.5 billion domestic bond programme.
Inflation-indexed bonds are intended to provide long-term cost-effective funding for the Government and to provide investors with a hedge against inflation.
Further details of the issue will be advised in due course.
Brendon Doyle | Treasurer
Tel: +64 4 917 6133
Andrew Hagan | Acting Head of Portfolio Management
Tel: +64 4 917 6071