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  1. Home (NZ Debt Management)
  2. Government Securities
  3. Nominal Bonds

Nominal Bonds

Nominal bonds are wholesale fixed-term debt securities the Crown issues to and repurchases from Primary Dealers. Nominal bonds have an initial maturity of one year or more.

  • Upcoming tenders*
  • Tender results
Number Maturity Volume ($m) Announcement Tender Settlement
953 3.00% 20 Apr 2029
4.50% 15 May 2035
1.75% 15 May 2041
225
175
50
23 Jun 2025 26 Jun 2025 1 Jul 2025

*Tenders close at 2.30pm, with results after 2.35pm.

  • Upcoming tenders*
  • Tender results
Number Tender Settlement
952 19 Jun 2025 25 Jun 2025 View details
951 12 Jun 2025 17 Jun 2025 View details
950 5 Jun 2025 10 Jun 2025 View details
949 29 May 2025 4 Jun 2025 View details
948 23 May 2025 28 May 2025 View details
947 15 May 2025 20 May 2025 View details
946 8 May 2025 13 May 2025 View details
945 1 May 2025 6 May 2025 View details
944 24 Apr 2025 30 Apr 2025 View details
943 17 Apr 2025 24 Apr 2025 View details
942 10 Apr 2025 15 Apr 2025 View details
941 27 Mar 2025 1 Apr 2025 View details
940 20 Mar 2025 25 Mar 2025 View details
939 13 Mar 2025 18 Mar 2025 View details
938 6 Mar 2025 11 Mar 2025 View details

*Tenders close at 2.30pm, with results after 2.35pm.

Related content

Related files

  • Government Bonds - on issue (at month end)
    XLSX
    15.78 KB
  • Government bonds - tender issuance history
    XLSX
    235.55 KB
  • Nominal Bonds (including Green Bonds) - Information Memorandum - Dated 5 November 2024
    PDF
    408.93 KB
  • Nominal Bonds - Product Disclosure Statement - Dated 5 November 2024
    PDF
    362.12 KB
  • Operating Rules and Guidelines - Government Securities Tenders - Dated 1 July 2024
    PDF
    265 KB
  • Primary Market Access Framework
    PDF
    260.75 KB
Related internal URLs
Latest domestic bond programme
Nominal Bonds Term Sheets and Related Information Memoranda
Government Bonds - Syndication
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In this section
  • Nominal Bonds
  • Inflation-Indexed Bonds
  • Bond Repurchases
  • Green Bonds
  • Treasury Bills
  • Foreign Currency Issuance
  • Primary Market Access Information

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The Treasury – New Zealand
New Zealand Government

Debt Management Website Disclaimer

The information on this website is issued by New Zealand Debt Management for informational purposes. To the extent that this website refers to an offer of securities, no offer is made to anyone accessing this website outside of New Zealand and otherwise than in compliance with any applicable securities laws or regulations.

Nominal Bonds, Inflation-Indexed Bonds and Treasury Bills: Wholesale domestic government debt securities, including nominal bonds, inflation-indexed bonds and Treasury bills (together, “Government Securities”) cannot be purchased directly from New Zealand Debt Management by individuals. Only registered tender counterparties who participate in a Government Securities tender process are able to purchase Government Securities from New Zealand Debt Management. Any offer documents provided or contained on this website relating to Government Securities contain an offer to registered tender counterparties only.

Where Government Securities are offered on the secondary market to any person in any jurisdiction, such Government Securities are not offered, and must not be bought or sold, except under circumstances that will result in compliance with any applicable securities laws or regulations.

Kiwi Bonds: Only people who are New Zealand residents can purchase Kiwi Bonds from New Zealand Debt Management. No offer of Kiwi Bonds is made to anyone who is not a New Zealand resident. For the avoidance of doubt, this means anyone resident outside New Zealand, even if they hold New Zealand citizenship, is ineligible to purchase Kiwi Bonds from New Zealand Debt Management. No offer of Kiwi Bonds from New Zealand Debt Management is made to any person who holds New Zealand citizenship but is resident outside New Zealand.

Users accessing this website from outside New Zealand acknowledge and accept that they will comply with any applicable securities laws or regulations.

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