Issue date: 
Thursday, 1 September 2022

The Treasury today announced changes to the interest rates available on Kiwi Bonds, effective from 1 September 2022. The interest rates for the twelve-month Kiwi Bond has increased to 3.50%. The interest rates on the six-month, two-year and four-year Kiwi Bonds are unchanged.

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 3.00 percent per annum
12 months 3.50 percent per annum
2 years 3.50 percent per annum
4 years  3.50 percent per annum



Treasury Contacts

Kim Martin | Head of New Zealand Debt Management
Tel: +64 4 890 7274

Matthew Appleby | Acting Head of Funding, Investment and Markets
Tel: +64 4 831 4629

Last updated: 
Thursday, 1 September 2022