Interest Rate Strategy

Upcoming NZGB inflation linked Sep-50 syndication

Stuart Ritson -

NZ Debt Management (NZDM) has announced the joint lead managers for the syndication of the 20 September 2050 inflation-indexed bond (IIB) and indicated the transaction will be launched on the week beginning 8 September. The new IIB line, which extends the real yield curve, was first announced as part of the funding programme update alongside the Budget in May. Issuance volumes are expected to be at least NZ$1.0 billion and the transaction will be capped at NZ$2.0 billion.

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