NZDMO prints NZ$2 billion in its April 2037 nominal bond syndication [UPDATED]
- Thursday, 25 August 2016
On August 25, the New Zealand Debt Management Office (NZDMO) (AA+/Aaa/AA+) printed NZ$2 billion (US$1.46 billion) in its new, April 2037-maturity syndicated bond. The NZDMO revealed in a prior announcement that it expected to raise NZ$1-2 billion, with the transaction capped at NZ$2 billion. Initial price guidance on the syndication was in the area of 25-31 basis points over the 14 April 2033 nominal bond.
