Bonds
Treasury successfully sell $2 bln worth of 2027, 4.50% Government bonds at a yield of 4.68%
2nd Jul 14, 2:26pm
by
The New Zealand Debt Management Office has announced the syndicate of ANZ (NZ), BNZ, Deutsche Bank (NZ) and UBS (Australia) have successfully sold $2bln worth of NZ Government bonds maturing in 2027.
The bonds carry an annual intererst rate of 4.50% and were priced at a yield of 4.68%, approximately 21 basis points above the current issue of 2023 NZ Government Bonds.
Treasury had earlier indicated a range of 21 to 25 basis points above the 2023 NZ Government Bond was expected.
Further issuance of the new 2027 nominal bond will not occur prior to September 2014.
| via Syndication 2/7/2014 | |
| Series Offered | 4.50% 15 Apr 2027 |
| Rating: Standard & Poor's | AA+ |
| (Moody's Aaa & Fitch AA+) | |
| Total Amount Offered ($million) | 2,000 |
| Total Amount Allocated ($million) | 2,000 |
| Total Amount of Bids Received ($million) | 2,400 |
| Weighted Average Accepted Yield (%) | 4.68 |
| Coverage ratio | 1.20 |
The next NZ Government Bond tenders will be on 10 July, 2014 for $200 mln worth of Inflation Indexed bonds and 17 July, 2014 for $200 mln worth of Nominal bonds.
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