The Treasury today announced changes to the interest rates available on Kiwi Bonds, effective from 22 August 2024. The interest rates for the six-month and 12-month Kiwi Bonds have decreased to 5.0% and 4.5% respectively. The interest rate on the two-year and four-year Kiwi Bonds have decreased to 4.0% and 3.75% 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 | 5.00 percent per annum |
| 12 months | 4.50 percent per annum |
| 2 years | 4.00 percent per annum |
| 4 years | 3.75 percent per annum |
Ends
Treasury Contacts
Kim Martin | Head of New Zealand Debt Management
Tel: +64 4 890 7274
[email protected]
Paxton McKenzie | Head of Funding, Investment and Markets
Tel: +64 4 917 6295
[email protected]