Issue date: 
Tuesday, 6 March 2018

The Treasury’s New Zealand Debt Management Office (NZDMO) have previously announced plans to commence a repurchase programme of the 15 March 2019 nominal bond in the 2017/18 fiscal year, with the amount repurchased depending on portfolio requirements and market conditions.[1]

The first repurchase tender will be held on Wednesday 7 March 2018, with details as follows:

Tender date  7 March 2018
Settlement date 12 March 2018
Bond to be repurchased 15 March 2019
Coupon 5.00%
Total volume Up to $250 million
Tender close 2.00 pm (NZST)
Results announced 2.05 pm (NZST)

 

Repurchase results will be published on the Yieldbroker Auction System, Bloomberg (NZDM07), and the NZDMO website.

Further reverse tenders will be announced depending on NZDMO’s portfolio requirements and market conditions. NZDMO 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.

 


 

[1] Refer the following Media Statement in conjunction with the Budget 2017: https://www.nzdmo.govt.nz/analyst-centre/2017-18-nz-government-bond-programme-unchanged-at-7-billion  

ENDS

Treasury Contacts

Sarah Vrede | Director, Financial Operations and Head of NZDMO
Tel: +64 4 917 6071

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

Last updated: 
Tuesday, 6 March 2018