Kiwi Bond Interest Rates
The New Zealand Debt Management Office announced today that the one-year, the two-year and the four-year Kiwi Bond
interest rates are to increase by 0.25%. These rate changes will be effective from 8 August 2003.
Kiwi Bond interest rates are set periodically from the moving averages of domestic wholesale rates. These changes have
been made in response to recent changes in wholesale market interest rates.
The new rates are as follows:
For subscriptions of $5,000 - $250,000
Maturity Rate
6 months 4.50 percent per annum 1 year 4.50 percent per annum 2 years 4.50 percent per annum 4 years 4.75
percent per annum
For subscriptions of $1,000 - $4,900
Maturity Rate
6 months 4.00 percent per annum 1 year 4.00 percent per annum 2 years 4.00 percent per annum 4 years 4.25
percent per annum