The Treasury today announced changes to the interest rates available on Kiwi Bonds, effective from 6 December 2018. The interest rates for the two-year Kiwi Bonds decreased from 2.00% to 1.75%. The interest rates for the four-year Kiwi Bonds decreased from 2.25% to 2.00%. The interest rates for the six-month and one-year Kiwi Bonds remain unchanged at 1.75%.
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
|1.75 percent per annum|
|12 months||1.75 percent per annum|
|2 years||1.75 percent per annum|
|4 years||2.00 percent per annum|
Andrew Hagan | Acting Director, Capital Markets
Tel: +64 4 917 6937
Kim Martin | Head of Funding Strategy and Engagement
Tel: +64 4 890 7274