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Government Securities

Information about the range of domestic currency debt securities issued.

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.

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 (published in January 2018) 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: 
Friday, 18 November 2016