Issue date: 
Friday, 26 September 2008

Immediate Release

Philip Combes
Treasurer
New Zealand Debt Management Office

Changes to Kiwi Bond Interest Rates

The New Zealand Debt Management Office announced today that the interest rate for six month Kiwi Bonds will decrease by 0.75% to 6.00% and the rates for one and two year bonds will decrease by 0.25% to 6.00% and 5.75% respectively, effective immediately.

Kiwi Bond interest rates are set periodically from moving averages of domestic wholesale rates.  The new rate has been set in response to recent changes in wholesale market interest rates.

The new Kiwi Bond rates are as follows:

For subscriptions of $1,000 - $500,000

Maturity Rate
6 months 6.00 percent per annum
1 year 6.00 percent per annum
2 years 5.75 percent per annum

ENDS

Treasury Contact

Valerie Jeal | Information Services Manager
Tel: +64 4 471 5911

Last updated: 
Friday, 8 July 2016