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Government Securities

Information about the range of domestic currency debt securities issued.

In this section you can find information on the types of debt securities issued by New Zealand Debt Management on behalf of the Government. It includes information about primary market access to New Zealand Government Securities and the criteria by which an institution can apply to become a Registered Tender Counterparty with the Treasury.

In this section

  • Nominal Bonds

    Nominal bonds are wholesale fixed-term debt securities the Crown issues to and repurchases from registered tender counterparties. Nominal bonds have an initial maturity of one year or more.
  • Inflation-Indexed Bonds

    Inflation-indexed bonds are wholesale fixed-term debt securities with an inflation-indexed component. Inflation-indexed bonds are issued to registered tender counterparties and have an initial maturity of one year or more.
  • Treasury Bills

    Treasury bills are wholesale fixed-term debt securities issued by the Crown to registered tender counterparties. Bills are issued with 3 month, 6 month and 1 year maturities.
  • Primary Market Access Information

    This sections includes information about primary market access to New Zealand Government Securities and the criteria by which an institution can apply to become a Registered Tender Counterparty with the Treasury.

Kiwi Bonds

Kiwi bonds are the main product available to individual investors. Kiwi Bonds are offered directly to the New Zealand public.

New Zealand Government Securities Overview


The Treasury's New Zealand Government Securities Overview provides investors with insights into New Zealand’s economic backdrop, institutional framework and Government Securities Market. It is updated biannually, after each Economic and Fiscal Update.

Last updated: 
Thursday, 18 July 2019