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] Refer to the media statement 2018/19 New Zealand Government Bond Programme Unchanged at NZ$8 Billion in conjunction with the Budget 2018.