NZGB May-2036 tap syndication before year end
Stuart Ritson -
At the Budget in May, New Zealand Debt Management (NZDM) announced it expected to undertake three tap syndications of nominal lines in 2025/26. A NZ$6 billion tap of the May-2031 maturity took place in July. It was announced in the Monthly Tender Schedule this morning that a syndicated tap of the existing 15 May 2036 nominal bond will be undertaken before calendar year end. We expect the transaction will take place in November.
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