Issue date: 
Monday, 10 September 2012

Brendon Doyle
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.

Treasury Contacts

Brendon Doyle | Treasurer
Tel: +64 4 917 6133

Andrew Hagan | Acting Head of Portfolio Management
Tel: +64 4 917 6071

Last updated: 
Tuesday, 5 July 2016