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Disclaimer: The information on this web site is issued by the New Zealand Debt Management Office (NZDMO) for informational purposes. It does not contain and is not an invitation or offer to buy or sell securities. Each page on this web site must be read in conjunction with the disclaimer at http://www.nzdmo.govt.nz.
Information for Retail Investors
Page updated 19 May 2011
There are two options available to individual investors wishing to invest in government securities. The main retail product is Kiwi Bonds. In addition, certain institutions that hold New Zealand government bonds on-sell them in smaller parcels to retail investors.
Kiwi Bonds are securities offered by the government to individual New Zealanders. They are a simple form of investment, similar to a term deposit in that they offer a fixed rate of interest for a given term. Terms available are six months, one year or two years. The minimum amount that may be invested is $1,000.
From 19 May 2011, the New Zealand Government is offering a four-year Earthquake Kiwi Bond. This is like the other Kiwi Bonds however the money invested in this maturity will go towards meeting the costs to the Government of the recovery in Christchurch following the earthquakes of 4 September 2010 and 22 February 2011.
The interest rates offered are generally lower than those offered by banks, reflecting the greater level of security associated with a government investment. The interest rates are set periodically by the Treasurer of NZDMO, based on the moving averages of domestic wholesale interest rates (i.e., interest rates for government bonds and Treasury bills).
Kiwi Bonds are available only to New Zealand residents. Anyone resident outside New Zealand, even if they hold New Zealand citizenship, is ineligible to invest in Kiwi Bonds. This is due to the requirements of securities regulations in offshore jurisdictions.
If you are a New Zealand resident and would like to know more about Kiwi Bonds, you can obtain an Investment Statement and application forms from the following addresses: email@example.com or firstname.lastname@example.org. Alternatively, Investment Statements and application forms can be obtained from some registered banks, NZX firms, NZX brokers, chartered accountants, solicitors, investment advisers and investment brokers.
New Zealand Government Bonds
New Zealand government bonds are wholesale debt securities which are allotted to registered tender counterparties (mainly financial institutions) in a government bond tender. The minimum amount that may be bid in a tender is $1 million.
Some of these institutions may make government bonds available in smaller parcels to retail customers. The minimum amount that may be offered in these circumstances is $10,000 and multiples of $1,000 after that. Any such offer or on-sale of government bonds to members of the New Zealand public must be made under the New Zealand Government Bonds Investment Statement which is available on request from email@example.com or firstname.lastname@example.org.
If you would like to know more about investment in government bonds, you should consult your investment adviser in the first instance.