New Zealand Debt Management Office
Changes to Kiwi Bond Interest Rates
The New Zealand Debt Management Office announced today that the interest rates for one-year Kiwi Bonds will increase by 0.25% to 2.75% and the rate for two-year bonds will increase by 0.75% to 3.75%, effective immediately. The rate for six-month bonds will remain at 2.50%.
Kiwi Bond interest rates are set periodically from moving averages of domestic wholesale rates. The new rates have been set in response to recent changes in wholesale market interest rates.
The new Kiwi Bond rates are as follows:
For subscriptions of $1,000 - $500,000
|6 months||2.50 percent per annum|
|1 year||2.75 percent per annum|
|2 years||3.75 percent per annum|
Valerie Jeal | Information Services Manager
Tel: +64 4 471 5911