Issue date: 
Thursday, 19 May 2011

Immediate Release

Philip Combes
Treasurer
New Zealand Debt Management Office

Introduction of Earthquake Kiwi Bond

As announced by the Minister of Finance, Hon. Bill English, in today's Budget, the government has introduced a new four-year Earthquake Kiwi Bond. The interest rate on the Earthquake Kiwi Bond is 4.00 percent per annum. The rates for the other maturities remain unchanged.

Kiwi Bond interest rates are set periodically from moving averages of domestic wholesale rates.

The Kiwi Bond rates are as follows:

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

Maturity Rate
6 months 2.25 percent per annum
1 year 2.50 percent per annum
2 years 3.00 percent per annum

Earthquake Kiwi Bond

4 Years 4.00 percent per annum

ENDS

Treasury Contact

Valerie Jeal | Investor Relations Manager
Tel: +64 4 471 5911

Last updated: 
Friday, 8 July 2016