The New Zealand Debt Management Office (NZDMO) announces that the launch of a new 20 April 2029 nominal bond, by syndication, is now expected to occur between 1 January 2018 and 30 June 2018.
The timing of this transaction has been postponed due to the stronger than expected Core Crown residual cash position, as detailed in the Financial Statements of the Government of New Zealand for the Year Ended 30 June 2017.
The NZDMO also notes that this postponement will provide market participants the opportunity to evaluate any new information contained within the Half-Year Economic and Fiscal Update 2017, prior to launch of the transaction.
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