The issue consists of NZ$50 million of five year bonds and NZ$50 million of seven year bonds with fixed coupons
With floating and fixed coupons
, the bonds Type A offers 16 % per annum before a 10% withholding tax.
The Treasury held auctions to sell 357-day zero-coupon TRY denominated Treasury bill, 7-year TRY denominated government bond with semiannually floating coupons and 10-year TRY denominated government bond with semiannually fixed coupons
Each new tax exempt bond issue is posted to the firm's Web site so investors can see the principal amounts offered, the fixed coupons
, the dollar prices and the reoffering yields.
The bonds will have tenures ranging from one to ten years, with fixed coupons
The redemption date for the government bonds with semiannually fixed coupons
is April 2020 and the maturity duration is 10 years.
The bonds will have three and five-year tenors with fixed coupons
that will be set next month.
The Treasury will hold TL-denominated Government Bond, with semiannually fixed coupons
, on Tuesday.