Reserve Bank offers nominal bonds

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Wellington, June 5, 2017

As is usual ahead of a government bond maturity, and as advised by the New Zealand Debt Management Office on 25 May 2017, the Reserve Bank offers to purchase NZ government bonds maturing 15 December 2017 for liquidity management purposes. Purchases will either be held to maturity on the Bank’s balance sheet, or on-sold to the New Zealand Debt Management Office (where the bonds will be cancelled).

Transaction hours

This offer opens at 10 am on June 19, 2017 and will remain open until further notice. Interested parties should telephone their offers, volume and rate, to the Domestic Markets section on (04) 472 0074/472 0075, preferably from 10 am to 12 pm and from 2 pm and 4 pm daily.

Preferred settlement dates will be determined by projected liquidity flows.

Transactions will be priced using the yield to maturity discount (T-bill) formula.

This operation has been undertaken to manage near term liquidity flows and has no implications for the Bank’s monetary policy stance.

For further operational details contact the Reserve Bank’s Domestic Markets team on (04) 4720074 or (04) 4720075 or email dommkts

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