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Kiwi Bonds

Kiwi Bonds are the main product available to individual investors. Kiwi Bonds are offered directly to the New Zealand public.

Kiwi Bonds are the main product available to individual investors. Kiwi Bonds are offered directly to the New Zealand public. Anyone who is not a New Zealand resident[1], even if they hold New Zealand citizenship, is ineligible to invest in Kiwi Bonds.

Kiwi Bonds are a simple form of investment, similar to a term deposit in that they offer a fixed rate of interest for a given term. Kiwi Bonds are denominated in New Zealand dollars with a fixed interest rate paid quarterly in arrears. The Bonds are redeemable on maturity or at the option of the bondholder.

Kiwi Bonds are issued in six month, one-year, two-year and four-year maturities. The minimum amount that can be invested is $1,000 with a maximum of $500,000 in any one issue. Interest rates are set periodically by New Zealand Debt Management from the moving averages of domestic wholesale rates.

The interest rates offered are generally lower than those offered by banks, reflecting the greater level of security associated with a government investment. Kiwi Bonds are available only to New Zealand residents[1]

If you are a New Zealand resident[1] and would like to know more about Kiwi Bonds, further information is available in the Product Disclosure Statement (dated 19 October 2022) and the current application form (issue number 123, updated 19 October 2022).

How to Invest in Kiwi Bonds

If you are an individual investor and would like to invest in Kiwi Bonds, please contact Computershare Investor Services Limited, New Zealand Debt Management's registrar for Kiwi Bonds[2].

The Manager, Fixed Interest Registry

Computershare Investor Services Limited
Level 2, 159 Hurstmere Road
Private Bag 92119

Tel: +64 9 488 8777
Free phone in New Zealand: (0800) 655 494
Email: [email protected]

  1. [1] “New Zealand resident” means anyone who is defined as a “New Zealand resident” for the purposes of the Income Tax Act 2007.
  2. [2] The Treasury no longer uses Kiwi Bonds agents to facilitate the issuance of Kiwi Bonds. Please read the related media statement from 12 October 2020.
Last updated: 
Wednesday, 19 October 2022