CBDG THC Farmaceuticals Inc (PK)

   By Rebecca Howard 
 

WELLINGTON, New Zealand--The New Zealand Debt Management Office announced the launch of a new 4.5% coupon April 15, 2027 nominal bond by way of syndication.

The NZ DMO will issue 1 billion-2 billion New Zealand dollars (US$876 million-US$1.75 billion)of bonds and the initial price guidance is 21 to 25 basis points over the New Zealand April 15, 2023 nominal bond.

The issue is expected to price Wednesday and further issuance of the new 2027 nominal bond won't occur before September. ANZ Bank New Zealand, Bank of New Zealand, Deutsche Bank AG (New Zealand branch) and UBS AG (Australia branch) are joint lead managers for the issue.

Write to Rebecca Howard at rebecca.howard@wsj.com