Reserve Bank offers to purchase NZ Government March 2019 nominal bonds

18 September 2018

As is usual ahead of a government bond maturity, and as advised by the New Zealand Debt Management Office on 17 May 2018, the Reserve Bank offers to purchase NZ government bonds maturing 15 March 2019 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).

This offer opens at 10:00am on 17 September 2018 and will remain open until further notice. Interested parties should telephone their offers, volume and rate, to the Market Operations team on (04) 472 0074 / (04) 472 0075, preferably 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 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 Market Operations team on (04) 472 0074 / (04) 472 0075 or email mktops@rbnz.govt.nz

Media contact:
Naomi Mitchell
Acting Head of Communications
Phone: 09 366 2643 or 027 294 3900
Email: Naomi.Mitchell@rbnz.govt.nz