Upcoming NZGB inflation linked Sep-50 syndication
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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Upcoming NZGB May-2031 tap syndication
At the Budget Economic and Fiscal Update in May, New Zealand Debt Management (NZDM) announced it expected to undertake three tap syndications of existing nominal NZ Government Bonds (NZGB) in 2025/26. In addition, a new September-2050 inflation indexed bond will be established. NZDM has indicated the first transaction will be a tap of the existing May 2031 line, before the end of August.
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