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NZGBS: Launch Of 15 May 2030 Nominal Bond Announced

BONDS
NZDM note that "the Treasury announces the launch of a new 4.50% coupon 15 May 2030 nominal bond. Given the timing of the launch, the Treasury also announces the cancellation of the tender scheduled for 9 March 2023."
  • "The Treasury expects to issue at least NZ$3.0 billion of the 15 May 2030 nominal bond and the transaction will be capped at NZ$5.0 billion. Initial price guidance is 2 to 5 basis points over the 20 April 2029 nominal bond."
  • "The issue will be priced on Tuesday 7 March 2023, and further issuance of the new bond will not occur prior to June 2023."
  • "ANZ Bank New Zealand Limited; Commonwealth Bank of Australia; J.P. Morgan; and Westpac Banking Corporation, New Zealand are Joint-Lead Managers for the issue."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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