Issue date: 
Tuesday, 19 March 2019

The Treasury had previously announced plans to commence a repurchase programme of the 15 April 2020 nominal bonds in the 2018/2019 fiscal year, with the amount repurchased depending on portfolio requirements and market conditions.[1]

The first repurchase tender will be held on Wednesday 20 March 2019, with details as follows:

Tender date   20 March 2019
Settlement date 25 March 2019
Bonds to be repurchased 15 April 2020
Coupon 3.00%
Total volume Up to $250 million
Tender close  2.00pm (NZT)
Results announced from  2.05pm (NZT)


Repurchase results will be published on the Yieldbroker Auction System, Bloomberg (NZDM06) and the New Zealand Debt Management website.

Further repurchase tenders will be announced depending on the Treasury’s portfolio requirements and market conditions. The Treasury will not issue media statements for further repurchase tenders.

All technical questions relating to placing offers should be directed to the Yieldbroker Helpdesk on +61 2 9994 2890.

 

ENDS

Treasury Contacts

Andrew Hagan | Director, Capital Markets
Tel: +64 4 917 6937

Matthew Colin | Head of Portfolio Management
Tel: +64 4 917 6015

 

Notes

  1. [1] Refer to the media statement 2018/19 New Zealand Government Bond Programme Unchanged at NZ$8 Billion in conjunction with the Budget 2018.
Last updated: 
Tuesday, 19 March 2019