What is ‘Kiwi Bond’
Retail stock offered directly to the public and available only to New Zealand residents. Application forms and investment statements are available from the new Zealand Debt Management Office (NZDMO) Registry, as well as some registered banks, NZX firms, NZX brokers, chartered accountant, solicitors, investment advisors and investment brokers.
Explaining ‘Kiwi Bond’
New Zealanders are often referred to as Kiwis. Kiwi bonds are denominated in new Zealand dollars, with a fixed interest rate that is paid quarterly in arrears. Kiwi bonds are redeemable on maturity or at the option of the bondholder and are issued in six-month, one-year and two-year maturities. The minimum investment is $1,000 New Zealand dollars, with a maximum investment of $500,000 on any single issue. Interest rates for Kiwi bonds are set periodically by the New Zealand Debt Management Office (NZDMO) based on moving averages of domestic wholesale rates.
Kiwi Bond FAQ
How do I buy Kiwi bonds?
Are Kiwi bonds safe?
Are Kiwi bonds Government guaranteed?
What is a government bond NZ?
Are government bonds a good investment?
What determines corporate bond yields?
What is the current yield on AAA corporate bonds?
- Helping the Kiwi to fly: creating world-class organizations in New Zealand through a benchmarking initiative – www.tandfonline.com [PDF]
- Quasi-maximum likelihood estimates of Kiwi short-term interest rate – www.tandfonline.com [PDF]
- The response of the weighted average time to maturity of government bond issues to changes in the financial/economic environment – papers.ssrn.com [PDF]
- The United States and Australia: Competing economic perspectives – www.jstor.org [PDF]