Source: New Zealand Treasury:
The Treasury has today announced that an additional NZ$3.5 billion of nominal 15 May 2031 New Zealand Government Bonds have been issued via a syndicated tap.
The bonds, which carry a coupon of 1.50%, were issued at a spread of 32 basis points over the 20 April 2029 nominal bond, at a yield to maturity of 1.4025%. Total book size, within the initial pricing guidance range of 32 to 37 basis points, exceeded NZ$5.0 billion. Following this issue, there will be NZ$ 6.4 billion of these bonds outstanding.
Settlement of this syndicated tap transaction will occur on 15 April 2020 and further issuance of these bonds will not occur prior to June 2020.
ENDS
Treasury Contacts
Kim Martin | Acting Director, Capital Markets
Tel: +64 4 890 7274
Matthew Collin | Head of Portfolio Management
Tel: +64 4 917 6015
