| Issuer | Maturity Date |
Yield to Maturity |
Indicative Price | Swap Spread |
Coupon | Credit Rating | Amt $m |
|---|---|---|---|---|---|---|---|
| Air New Zealand | 27 Apr 2028 | 4.57 | 1.04 | 1.09 | 6.61 | Baa2 | 100.0 |
| ANZ Bank | 17 Sep 2026 | 4.08 | 1.00 | 3.00 | A | ||
| 16 Feb 2028 | 3.79 | 1.04 | 0.38 | 5.22 | AA- | 500.0 | |
| 18 Jul 2028 | 6.95 | BBB | 550.0 | ||||
| 20 Feb 2030 | 4.21 | 1.03 | 0.46 | 4.63 | AA- | ||
| Argosy Property Limited | 27 Mar 2026 | 4.00 | 100.0 | ||||
| 29 Oct 2026 | 3.64 | 1.00 | 2.90 | 100.0 | |||
| 27 Oct 2027 | 4.52 | 0.97 | 1.21 | 2.20 | 125.0 | ||
| Arvida Group | 22 Feb 2028 | 5.90 | 0.95 | 2.48 | 2.87 | 125.0 | |
| ASB Bank | 04 May 2026 | 1.65 | AA- | 500.0 | |||
| 16 Nov 2026 | 2.95 | 1.02 | 5.93 | AA- | 650.0 | ||
| 21 Jun 2027 | 3.43 | 1.02 | 0.24 | 5.52 | AA- | ||
| 02 Sep 2030 | 4.10 | AA- | |||||
| Auckland Council | 27 Jul 2026 | 2.59 | 1.01 | 3.34 | AA | 180.0 | |
| 20 Oct 2027 | 3.64 | 0.99 | 0.34 | 2.41 | AA | 300.0 | |
| 27 Sep 2028 | 3.97 | 1.05 | 0.41 | 5.73 | AA | 300.0 | |
| Auckland International Airport | 17 Nov 2026 | 3.02 | 1.00 | 3.29 | A- | 150.0 | |
| 09 May 2028 | 4.01 | 1.04 | 0.52 | 5.67 | A- | ||
| 17 Nov 2028 | 4.14 | 1.03 | 0.55 | 5.29 | A- | 150.0 | |
| 02 Nov 2029 | 4.36 | 1.06 | 0.64 | 6.22 | A- | 250.0 | |
| 15 Nov 2030 | 4.56 | 1.04 | 0.73 | 2.00 | A- | ||
| Bank of New Zealand | 08 Jun 2026 | 1.88 | AA- | 550.0 | |||
| 07 Jun 2027 | 3.40 | 1.02 | 4.99 | AA- | 650.0 | ||
| 25 May 2028 | 3.85 | 1.03 | 0.34 | 5.54 | AA- | 600.0 | |
| 01 Sep 2028 | 3.90 | 1.06 | 0.35 | 5.87 | AA- | 1000.0 | |
| 14 Jun 2029 | 7.30 | BBB | 375.0 | ||||
| 19 Nov 2029 | 4.15 | 1.03 | 0.43 | 4.89 | AA- | ||
| 28 Jan 2031 | 4.30 | 1.02 | 0.45 | 4.35 | AA- | ||
| Channel Infrastructure | 20 May 2027 | 3.98 | 1.02 | 5.80 | |||
| 14 Nov 2029 | 4.85 | 1.07 | 1.13 | 6.75 | |||
| Chorus Limited | 01 Dec 2027 | 3.94 | 0.97 | 0.60 | 1.98 | BBB | 200.0 |
| 01 Dec 2030 | 4.59 | 0.92 | 0.75 | 2.51 | BBB | 200.0 | |
| Christchurch City Holdings Limited | 05 Nov 2026 | 2.94 | 1.00 | 3.01 | AA- | 150.0 | |
| 06 Apr 2028 | 3.90 | 1.03 | 0.44 | 5.04 | AA | 150.0 | |
| Christchurch International Airport | 19 May 2028 | 4.04 | 1.02 | 0.54 | 5.18 | BBB+ | 100.0 |
| 15 Apr 2031 | 4.55 | 1.05 | 0.68 | A- | 315.0 | ||
| Contact Energy | 19 Nov 2026 | 4.33 | BB+ | 225.0 | |||
| 11 Apr 2028 | 4.04 | 1.04 | 0.58 | 5.82 | BBB | 250.0 | |
| 06 Apr 2029 | 4.26 | 1.05 | 0.62 | 5.62 | BBB | 300.0 | |
| Fletcher Building Industries | 15 Mar 2027 | 6.30 | 1.00 | 4.75 | |||
| 15 Mar 2028 | 6.18 | 1.02 | 2.74 | 6.50 | 100.0 | ||
| 15 Mar 2029 | 5.49 | 1.05 | 1.86 | 6.89 | |||
| Fonterra Co-operative Group | 08 Nov 2029 | 4.30 | 1.01 | 0.58 | 4.60 | A- | |
| Genesis Energy | 08 Jun 2027 | 5.70 | BB+ | 225.0 | |||
| 09 Jun 2027 | 5.66 | BB+ | 285.0 | ||||
| 14 Mar 2028 | 4.10 | 1.01 | 0.66 | 4.17 | BBB+ | 125.0 | |
| 10 Jul 2028 | 6.50 | BB+ | 240.0 | ||||
| GMT Bond Issuer | 14 Apr 2027 | 3.79 | 1.02 | 4.74 | BBB+ | 150.0 | |
| Heartland Bank Limited | 28 Apr 2028 | 5.65 | 1.04 | 2.17 | 7.51 | BB+ | 100.0 |
| IAG | 15 Jun 2028 | 5.32 | BBB | 400.0 | |||
| Infratil | 15 Jun 2026 | 5.47 | 1.01 | 5.93 | 115.9 | ||
| 14 Dec 2026 | 4.69 | 0.99 | 3.35 | 156.3 | |||
| 15 Dec 2027 | 5.28 | 0.98 | 1.93 | 3.60 | 102.4 | ||
| 31 Jul 2029 | 5.47 | 1.05 | 1.78 | 6.90 | 150.0 | ||
| 13 Dec 2030 | 5.52 | 1.02 | 1.68 | 6.00 | |||
| 15 Mar 2031 | 5.60 | 1.06 | 1.73 | 7.08 | 127.2 | ||
| 17 Dec 2031 | 5.57 | 1.07 | 1.63 | 7.06 | |||
| 16 Jun 2032 | 5.61 | 1.03 | 1.63 | 6.16 | |||
| Investore Property | 25 Feb 2027 | 4.04 | 1.00 | 4.00 | 125.0 | ||
| 30 Aug 2027 | 4.39 | 0.98 | 1.13 | 2.40 | 125.0 | ||
| Kiwi Property Group | 19 Jul 2028 | 4.47 | 0.98 | 0.93 | 2.85 | BBB+ | |
| 27 Sep 2029 | 4.75 | 1.06 | 1.04 | 6.24 | BBB+ | 125.0 | |
| 19 Jun 2030 | 4.85 | 1.02 | 1.06 | 5.35 | BBB+ | ||
| Kiwibank | 02 Nov 2026 | 4.93 | Ba1 | 250.0 | |||
| 19 Oct 2027 | 3.72 | 1.03 | 0.42 | 5.74 | A1 | ||
| 12 May 2028 | 4.88 | 1.03 | 1.39 | 6.40 | Baa2 | 200.0 | |
| 19 Oct 2028 | 4.04 | 1.06 | 0.47 | 6.25 | A1 | ||
| 11 Dec 2029 | 4.27 | 1.02 | 0.54 | 4.75 | A1 | ||
| 12 Mar 2031 | 5.10 | 0.99 | 1.23 | 4.93 | Baa2 | ||
| Mercury NZ | 29 Sep 2026 | 2.95 | 1.00 | 2.16 | BBB+ | 200.0 | |
| 13 May 2027 | 5.73 | BB+ | 250.0 | ||||
| 13 Sep 2027 | 3.83 | 0.98 | 0.56 | 1.56 | BBB+ | 200.0 | |
| 19 Jun 2028 | 4.14 | 1.03 | 0.62 | 5.64 | BBB+ | 150.0 | |
| Meridian Energy | 20 Sep 2028 | 4.13 | 1.05 | 0.57 | 5.91 | BBB+ | 200.0 |
| 21 Mar 2030 | 4.40 | 1.05 | 0.64 | 5.40 | BBB+ | ||
| 11 Mar 2032 | 4.48 | 1.02 | 0.52 | 4.55 | BBB+ | ||
| Metlifecare | 30 Sep 2026 | 4.46 | 1.00 | 3.00 | 100.0 | ||
| Napier Port Holdings | 23 Mar 2028 | 4.39 | 1.03 | 0.94 | 5.52 | 100.0 | |
| NZ Government | 15 May 2026 | 0.50 | AA+ | ||||
| 15 Apr 2027 | 2.93 | 1.02 | 4.50 | AA+ | 5700.0 | ||
| 15 May 2028 | 3.47 | 0.94 | -0.03 | 0.25 | AA+ | ||
| 20 Apr 2029 | 3.67 | 0.99 | 0.02 | 3.00 | AA+ | 2150.0 | |
| 15 May 2030 | 3.85 | 1.03 | 0.07 | 4.50 | AA+ | ||
| 15 May 2031 | 4.02 | 0.89 | 0.14 | 1.50 | AA+ | 2000.0 | |
| 15 May 2032 | 4.17 | 0.89 | 0.20 | 2.00 | AAA | 2000.0 | |
| 14 Apr 2033 | 4.25 | 0.96 | 0.20 | 3.50 | AAA | 2000.0 | |
| NZ Local Govt Funding Agency | 15 Apr 2026 | 1.50 | AA+ | 2255.0 | |||
| 15 Apr 2027 | 3.12 | 1.02 | 4.50 | AA+ | 2311.0 | ||
| 15 May 2028 | 3.60 | 0.98 | 0.10 | 2.25 | AAA | 1613.0 | |
| 20 Apr 2029 | 3.81 | 0.94 | 0.16 | 1.50 | AA+ | 1982.0 | |
| 15 May 2030 | 4.00 | 1.02 | 0.22 | 4.50 | AA+ | 1600.0 | |
| 15 May 2031 | 4.19 | 0.92 | 0.31 | 2.25 | AAA | 1305.0 | |
| 14 May 2032 | 4.34 | 1.01 | 0.37 | 2.00 | AAA | ||
| 14 Apr 2033 | 4.51 | 0.95 | 0.46 | 3.50 | AA+ | 1575.0 | |
| 15 May 2035 | 4.79 | 0.87 | 0.59 | 3.00 | AAA | 550.0 | |
| 14 Apr 2037 | 5.01 | 0.75 | 2.55 | 2.00 | AA+ | 920.0 | |
| NZX Limited | 20 Jun 2028 | 6.80 | 40.0 | ||||
| 20 Jun 2033 | 5.40 | 40.0 | |||||
| Oceania Healthcare | 18 Oct 2027 | 5.62 | 0.96 | 2.32 | 2.30 | 125.0 | |
| 13 Sep 2028 | 5.83 | 0.95 | 2.27 | 3.30 | 100.0 | ||
| Precinct Properties New Zealand Ltd | 28 Jun 2027 | 4.10 | 0.99 | 2.85 | 150.0 | ||
| 09 May 2028 | 4.53 | 1.02 | 1.04 | 5.25 | 175.0 | ||
| Property for Industry | 13 Sep 2030 | 4.68 | 1.03 | 0.86 | 5.43 | ||
| Quayside Holdings | 12 Mar 2026 | 6.64 | 200.0 | ||||
| Ryman Healthcare | 17 Dec 2026 | 4.32 | 0.99 | 2.55 | 150.0 | ||
| Sky City Entertainment Group | 21 May 2027 | 5.42 | 0.98 | 3.02 | BBB- | 175.0 | |
| Southland Building Society | 18 Mar 2027 | 3.40 | 1.01 | 4.32 | BBB+ | 150.0 | |
| 18 Mar 2027 | 4.24 | 1.05 | 0.61 | 6.14 | BBB+ | 175.0 | |
| 22 Aug 2029 | 5.78 | 1.06 | 2.09 | 7.62 | BB+ | ||
| 10 Apr 2030 | 4.37 | 1.03 | 0.60 | 4.98 | BBB+ | ||
| Spark Finance | 07 Sep 2026 | 2.80 | 1.00 | 3.94 | A- | 125.0 | |
| 18 Sep 2029 | 4.28 | 1.03 | 0.58 | 5.21 | A- | ||
| 18 Sep 2031 | 4.54 | 1.04 | 0.63 | 5.45 | A- | ||
| Summerset Group Holdings Limited | 20 Sep 2027 | 4.37 | 0.97 | 1.09 | 2.30 | 150.0 | |
| 09 Mar 2029 | 4.87 | 1.04 | 1.24 | 6.50 | 175.0 | ||
| 08 Mar 2030 | 5.18 | 1.04 | 1.42 | 6.43 | |||
| 23 May 2031 | 5.30 | 1.02 | 1.41 | 5.70 | |||
| Transpower | 08 Apr 2026 | 1.52 | AA | 150.0 | |||
| 08 Sep 2026 | 2.74 | 1.00 | 2.05 | AA | 200.0 | ||
| 16 Sep 2027 | 3.56 | 1.02 | 0.29 | 4.63 | AA | 200.0 | |
| 15 Mar 2028 | 3.79 | 1.05 | 0.35 | 5.89 | AA- | 100.0 | |
| 31 Jul 2030 | 4.30 | 1.01 | 0.50 | 4.22 | AA | ||
| TrustPower | 29 Jul 2026 | 3.35 | |||||
| Vector | 15 Jun 2027 | 6.23 | BB+ | 307.2 | |||
| 26 Nov 2027 | 3.99 | 1.00 | 0.65 | 3.69 | BBB | 225.0 | |
| Wellington International Airport | 13 Aug 2026 | 3.11 | 1.01 | 2.50 | 100.0 | ||
| 24 Sep 2026 | 1.80 | 1.01 | 3.32 | 125.0 | |||
| 24 Aug 2028 | 4.39 | 1.05 | 0.84 | 5.78 | BBB | 75.0 | |
| 01 Apr 2030 | 4.75 | 1.04 | 0.98 | 5.63 | 100.0 | ||
| 04 Sep 2030 | 4.74 | 1.06 | 0.93 | 5.50 | BBB | ||
| Westpac New Zealand | 16 Feb 2027 | 3.17 | 1.02 | 3.70 | AA | ||
| 16 Sep 2027 | 4.67 | 1.02 | 1.40 | 6.19 | A- | 600.0 | |
| 14 Feb 2029 | 4.83 | 1.05 | 1.21 | 6.73 | A- | 600.0 | |
| 24 Sep 2029 | 4.21 | 1.01 | 0.51 | 4.34 | AA- | ||
| 19 Nov 2030 | 4.38 | 0.98 | 0.55 | 3.87 | AA- |