Issue date: 
Tuesday, 24 June 2008

Philip Combes
Treasurer
New Zealand Debt Management Office

The New Zealand Debt Management Office (NZDMO) today announced details for the introduction of tap tenders from 1 July 2008 and the regular bond tender schedule for the first quarter of 2008/09.

Bonds issued via tap tender will be within the 2008/09 Domestic Bond Programme of up to $3,400 million.

Tap tenders, which will allow the NZDMO to issue bonds at short notice outside the regular tender schedule, will be open to all institutions registered to bid in New Zealand government securities.  Tenders will be conducted in accordance with the arrangements specified in the New Zealand Government Bonds Information Memorandum.

In assessing the need for a tap tender, the NZDMO will consider market conditions, feedback from market participants on specific investor interest and our own portfolio requirements.

Tap tender announcements will be made on the NZDMO’s Reuters and Bloomberg pages and the NZDMO website at the following times :

Tender announcement: 11.30am on the morning of the tender

Tender bids close: 2.30pm

Tender results announced: 3.00pm

Settlement date: Tender date plus three business days

Regular Bond Tender Schedule – July to September 2008

Tender Number Announcement Date Tender Date Settlement Date
260 8 Jul 2008 10 Jul 2008 15 Jul 2008
261 15 Jul 2008 17 Jul 2008 22 Jul 2008
262 29 Jul 2008 31 Jul 2008 5 Aug 2008
263 12 Aug 2008 14 Aug 2008 19 Aug 2008
264 26 Aug 2008 28 Aug 2008 2 Sep 2008
265 16 Sep 2008 18 Sep 2008 23 Sep 2008

Regular tender announcements will continue to be made on the NZDMO’s Reuters and Bloomberg pages and the NZDMO website at the following times:

Tender announcement: 11.30am, two business days prior to the tender.

Tender bids close: 12.00pm

Tender results announced: 1.00pm

Settlement date: Tender date plus three business days

ENDS

Treasury Contacts

Philip Combes | Treasurer
Tel: +64 4 917 6133

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

 

Last updated: 
Friday, 8 July 2016