Reserve Bank offers to purchase Govt Dec 2017 nominal bonds
Reserve Bank offers to purchase NZ Government December 2017 nominal bonds
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).
This offer opens at 10:00am on 19 June 2017 and will remain open until further notice.
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.