Immediate Release
Philip Combes
Treasurer
New Zealand Debt Management Office
Changes to Kiwi Bond Interest Rates
The New Zealand Debt Management Office announced today that the interest rates for Kiwi Bonds will decrease by 0.50% for all maturities, effective immediately.
Kiwi Bond interest rates are set periodically from moving averages of domestic wholesale rates. The new rate has 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
| Maturity | Rate |
|---|---|
| 6 months | 2.25 percent per annum |
| 1 year | 2.50 percent per annum |
| 2 years | 3.00 percent per annum |
ENDS
Treasury Contact
Valerie Jeal | Investor Relations Manager
Tel: +64 4 471 5911