The Treasury today announced changes to the interest rates available on Kiwi Bonds, effective from 22 June 2021. The interest rates for the six-month and two-year Kiwi Bonds are unchanged. The interest rate on the 12-month and four-year Kiwi Bonds have increased from 0.10% to 0.20%, and 0.4% to 0.6% 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 | 0.10 percent per annum |
| 12 months | 0.20 percent per annum |
| 2 years | 0.20 percent per annum |
| 4 years | 0.60 percent per annum |
ENDS
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