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RBNZ to start NZ Government May 2024 bond repurchases

As is usual before a government bond matures, we will assume responsibility from New Zealand Debt Management to repurchase NZ government bonds maturing on 15 May 2024.

Published:

This repurchase programme is for liquidity management purposes and aims to support the efficient functioning of the New Zealand bond market. 

May 2024 bond purchases will either be held to maturity on our balance sheet, or on-sold to New Zealand Debt Management (where the bonds will be cancelled). 

This repurchase programme relates to our standard liquidity management operations, and has no implications for our stance on monetary policy.

Offer details for NZ government bonds maturing 15 May 2024

This offer opens at 10am on 15 November 2023 and will remain open until further notice.

How to purchase

Interested parties who are registered to trade with the Reserve Bank should telephone their offers, volume and rate, to the Portfolio Management team on (04) 472 0074 or (04) 472 0075, between 10am to 12pm and 2pm to 4pm 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 is being undertaken to manage near-term liquidity flows and to assist in the efficient functioning of New Zealand debt markets.

For further information contact:


Andrew Turner
Acting Director of Financial Markets
Email: [email protected]

Dean Hill
Senior Manager, Financial Markets
Email: [email protected]

 

Media contact

James Weir
Senior Adviser, External Stakeholders
Phone: +64 4 471 3962 Mobile: 021 103 1622
Email: [email protected]