Issue date: 
Friday, 17 December 2021

The Treasury today announced changes to the interest rates available on Kiwi Bonds, effective from 17 December 2021. The interest rates for the six-month and 12-month Kiwi Bonds have increased to 0.70% and 1.10% respectively. The interest rate on the two-year and four-year Kiwi Bonds have increased to 1.5% and 1.9% respectively.

Kiwi Bond interest rates are set periodically from moving averages of domestic wholesale interest rates. The new Kiwi Bond interest rates have been set to better align to those available in wholesale markets.

The Kiwi Bonds rates are as follows:

For subscriptions of $1,000 - $500,000

Maturity Rate
6 months 0.70 percent per annum
12 months 1.10 percent per annum
2 years 1.50 percent per annum
4 years  1.90 percent per annum



Treasury Contacts

Andrew Hagan | Executive Director, Capital Markets
Tel: +64 4 917 6937

Kim Martin | Head of Funding Strategy and Engagement
Tel: +64 4 890 7274

Last updated: 
Friday, 17 December 2021