The New Zealand Debt Management Office (NZDMO) (AA+/Aaa/AA+) launched its April 2029 nominal bond on 12 March. The transaction is for NZ$1.5-2 billion (US$1.1-1.5 million) with indicative price guidance of 16-19 basis points over the April 2027 New Zealand government bond. The deal is being led by ANZ, BNZ, Deutsche Bank and UBS and is expected to price on the day after launch.