From next week, the Reserve Bank of New Zealand - Te Pūtea Matua will assume its usual responsibility to repurchase New Zealand government bonds ahead of maturity on 15 April 2025.
As normal, this repurchase programme supports the efficient functioning of the New Zealand bond market with the RBNZ being a buyer for short-dated bonds. This operation also aims to provide sufficient stability and liquidity of settlement cash.
Purchases will either be held to maturity on the Reserve Bank's 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 the Reserve Bank’s stance on monetary policy.
NZ government bond maturing 15 April 2025 - Offer details
This offer for the repurchase of the 15 April 2025 opens at 10:00am on 15 July 2024.
Offer to repurchase will remain open until further notice. Interested parties who are registered to trade with Reserve Bank should telephone their offers, volume, and rate, to the Portfolio Management team on (04) 472 0074 / (04) 472 0075, between the hours of 10:00am to 12:00pm and 2:00pm to 4:00pm daily.
Preferred settlement dates will be determined by projected liquidity flows. Transactions will be priced by either the semi-annual bond formula or the yield to maturity discount (T-bill) formula, depending on transaction date.
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
Email: [email protected]