New Zealand Debt Management (NZDM) (AA+/Aaa/AA+) launched its new May 2024 nominal bond on 15 June, with expected volume of at least NZ$2 billion (US$1.29 billion) and indicative price guidance of 9-12 basis points over the April 2023 New Zealand government bond. Pricing is expected on the day after launch. ANZ, Deutsche Bank, J.P. Morgan and Westpac Banking Corporation New Zealand Branch are leading.