The New Zealand Debt Management Office (NZDMO) says it plans to issue up to NZ$2 billion worth of seven-year bonds next month.
A unit of Treasury that manages the government's debt, the NZDMO has appointed a syndicate of four banks to sell its new April 2020 bond. The joint lead managers of the syndicate are ANZ Bank New Zealand,
Bank of New Zealand, Deutsche Bank AG, New Zealand Branch, and Westpac Banking Corporation (acting through its New Zealand Branch).
"The NZDMO expects to issue up to NZ$2 billion of these bonds via syndication in April, subject to market conditions," NZDMO Treasurer Brendon Doyle said in a statement.