Issue date: 
Thursday, 28 April 2022

The Treasury today announced changes to the interest rates available on Kiwi Bonds, effective from 28 April 2022. The interest rates for the six-month and 12-month Kiwi Bonds have increased to 1.6% and 2.1% respectively. The interest rate on the two-year and four-year Kiwi Bonds have increased to 2.6% and 2.9% 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 1.60 percent per annum
12 months 2.10 percent per annum
2 years 2.60 percent per annum
4 years  2.90 percent per annum



Treasury Contacts

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

Matthew Collin | Head of Funding, Investment and Markets
Tel: +64 4 917 6015

Last updated: 
Thursday, 28 April 2022