RBNZ offers to purchase NZ Govt April 2015 bonds

Release date
15 October 2014

As is usual ahead of a government bond maturity, and as advised by the New Zealand Debt Management Office on 19 August 2014, the Reserve Bank offers to purchase NZ government bonds maturing 15 April 2015 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 16 October 2014 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 between the hours of 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 (Treasury 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:
Te Okeroa
Manager, Market Operations
te.okeroa@rbnz.govt.nz