Issue date: 
Thursday, 28 July 2022

The Treasury today announced changes to the interest rates available on Kiwi Bonds, effective from 28 July 2022. The interest rates for the six-month and 12-month Kiwi Bonds have increased to 3.0% and 3.25% respectively. The interest rate on both the two-year and four-year Kiwi Bonds have increased to 3.5%.

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 3.25 percent per annum
2 years 3.50 percent per annum
4 years  3.50 percent per annum

 

ENDS

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 21 437 158

Last updated: 
Thursday, 28 July 2022