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 rate for the two-year Kiwi Bonds will decrease by 0.25% to 2.75% and that the interest rate for the four-year Earthquake Kiwi Bonds will decrease by 0.50% to 3.50%, effective immediately. The rate for the six-month and one-year Kiwi Bonds will remain unchanged at 2.25% and 2.50% respectively.
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 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 | 2.75 percent per annum | ||
| Earthquake Kiwi Bond | |||
| 4 years | 3.50 percent per annum | ||
ENDS
Treasury Contact
Valerie Jeal | Investor Relations Manager
Tel: +64 4 471 5911