Deputy Secretary, Financial Operations and Head of NZDMO
Changes to Kiwi Bond Interest Rates
The New Zealand Debt Management Office today announced changes to the interest rates for Kiwi Bonds. The interest rate for the six-month Kiwi Bonds remains at 2.00%. The one-year Kiwi Bonds will increase by 0.25% to 2.25%, the two-year Kiwi Bonds will increase by 0.50% to 2.75% and the interest rate for the four-year Earthquake Kiwi Bonds will increase by 0.50% to 3.25%, effective immediately.
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
|6 months||2.00 percent per annum|
|1 year||2.25 percent per annum|
|2 years||2.75 percent per annum|
|Earthquake Kiwi Bond|
|4 years||3.25 percent per annum|
Valerie Jeal | Investor Relations Manager
Tel: +64 4 471 5911