Issue date: 
Monday, 29 August 2011

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

Last updated: 
Friday, 8 July 2016