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Bond Issues

Indicative yields and prices as at 11:00 am, Jul 20, 2021.

In the listings of bonds below the Government stock and swap rates, click on the maturity date to go to a full description of the bond and click on the issuer name to go to the issuer page.

Fixed rate issues   |   Yearly reset issues   |   Floating rate issues

NZ Government Stock and NZ Interest Rate Swap Rates

 

NZ Government Stock

Maturity Yield to
Maturity
Indicative Price $ Swap
Spread
15 Apr 20230.70109.74-0.20
15 May 20240.9298.95-0.07
15 Apr 20251.00107.15-0.08
15 May 20261.1297.22-0.06
15 Apr 20271.18119.58-0.08
15 May 20281.3393.06-0.03
20 Apr 20291.38112.66-0.06
15 May 20311.49100.40-0.14

NZFMA

Maturity Quarterly Rate
3 mth bills0.43
1 year0.83
2 year1.06
3 year1.22
4 year1.35
5 year1.45
7 year1.62
10 year1.79

Fixed Rate Issues

 

Senior Bonds

Issuer Maturity
Date
Yield to
Maturity
Indicative Price Swap
Spread
Coupon Credit Rating Amt $m
ANZ Bank02 Sep 20210.25101.643.33AA-200.0
01 Sep 20220.90104.620.063.75AA-275.0
30 May 20231.10105.320.193.70AA-500.0
01 Sep 20231.20106.690.273.71AA-150.0
20 Mar 20241.35105.430.373.03
Argosy Property Limited27 Mar 20262.45107.161.294.00
29 Oct 20262.55101.721.332.90
27 Oct 20272.7097.151.392.20
Arvida Group22 Feb 20282.75101.261.412.87
ASB Bank24 Feb 20220.65103.824.20AA-100.0
07 Sep 20231.20105.680.273.31AA-450.0
19 Aug 20241.45101.950.431.83AA-600.0
04 May 20261.8599.460.681.65AA-
Auckland Council 3.2595.372.95AA
27 Jun 20231.10104.190.193.17AA
25 Mar 20241.30113.720.325.81AA+200.0
10 Jul 20251.50102.070.402.01
27 Jul 20261.70107.830.513.34AA160.0
Auckland International Airport09 Nov 20221.25104.780.394.28A-100.0
17 Apr 20231.40104.800.503.64A-
02 Nov 20231.50106.420.553.97A-225.0
10 Oct 20241.70106.670.673.51A-
Bank of China17 Oct 20221.20104.640.354.09A
19 Apr 20231.40105.560.504.02A
Bank of New Zealand27 Jul 20220.85102.993.86AA-
15 Jun 20231.15105.970.244.10AA-250.0
16 Nov 20231.25106.150.303.65
28 Jan 20251.55102.070.492.16AA-500.0
16 Dec 20252.60100.981.462.73BBB+
08 Jun 20261.85100.420.671.88AA-
China Construction Bank (New Zealand)09 Nov 20221.18104.350.323.93A
19 Jun 20231.45105.190.544.01A
24 Sep 20231.6098.970.660.95A
Chorus Limited01 Dec 20272.0599.900.731.98BBB
01 Dec 20302.5599.970.962.51BBB
Christchurch City Holdings Limited06 Dec 20221.02103.690.163.40A+
27 Nov 20241.45107.510.413.58
Christchurch International Airport04 Oct 20210.70102.996.25BBB+75.0
24 May 20241.70107.410.704.13100.0
Contact Energy 15 Nov 20210.59102.024.40BBB125.0
15 Nov 20221.22105.330.364.63BBB125.0
15 Aug 20241.65106.360.633.55
Fletcher Building Industries14 Mar 20252.80113.781.733.90
15 Mar 20262.80
Fonterra Co-operative Group20 Oct 20211.05102.054.33A-350.0
07 Mar 20231.30106.680.414.42A-150.0
14 Nov 20251.90110.100.774.15100.0
Genesis Energy2.50104.981.584.65BB+240.0
18 Mar 20220.90103.564.14BBB+100.0
08 Jun 20272.40104.375.70BB+225.0
Goodman Property Trust23 Jun 20221.35103.755.00BBB+100.0
01 Sep 20231.60106.550.674.00BBB+100.0
31 May 20241.90108.000.904.54BBB+100.0
Heartland Bank Limited21 Sep 20221.30105.220.464.50BBB150.0
12 Apr 20241.65106.060.663.55
ICBC27 Jun 20241.75102.660.752.61
Infratil15 Jun 20222.50105.716.85100.0
15 Dec 20222.70104.811.835.6579.3
15 Sep 20232.65106.811.725.2560.0
15 Dec 20242.85102.691.804.7557.3
15 Jun 20252.70107.661.616.1535.0
14 Mar 20262.80100.361.643.35
14 Dec 20262.95102.491.723.35
15 Dec 20273.20101.531.883.60
Investore Property18 Apr 20242.15106.071.164.40100.0
30 Aug 20272.6598.991.362.40
Kiwi Property Group 20 Aug 20210.80103.036.15125.0
07 Sep 20231.75106.210.824.00125.0
19 Dec 20241.90108.420.854.33BBB+
12 Nov 20252.15108.651.024.06100.0
Kiwibank20 Sep 20241.55102.620.522.16A500.0
10 Dec 20302.30100.670.712.36Baa3
Mercury NZ29 Sep 20262.000.792.16BBB+
13 Sep 20272.1097.500.801.56BBB+
Meridian Energy14 Mar 20231.30106.870.414.53BBB+150.0
20 Mar 20241.60110.200.624.88BBB+150.0
27 Jun 20251.80109.440.704.21BBB+
Metlifecare30 Sep 20262.50102.661.293.00
NZ Government15 Apr 20230.70109.74-0.205.50AA+1754.0
15 May 20240.9298.95-0.070.50AA+
15 Apr 20251.00107.15-0.082.75AA+1700.0
15 May 20261.1297.22-0.060.50AA+
15 Apr 20271.18119.58-0.084.50AA+5700.0
15 May 20281.3393.06-0.030.25AA+
20 Apr 20291.38112.66-0.063.00AA+2150.0
15 May 20311.49100.40-0.141.50AA+2000.0
NZ Local Govt Funding Agency14 Apr 20220.66102.282.75AA+200.0
15 Apr 20230.95109.290.055.50AA+65.0
15 Apr 20241.16103.550.172.25AA+
15 Apr 20251.35105.850.272.75AA+325.0
15 Apr 20261.52100.340.351.50AA+1000.0
15 Apr 20271.62116.950.364.50AA+200.0
20 Apr 20291.8597.900.411.50AA+632.0
15 May 20312.25AAA
14 Apr 20332.17114.710.373.50AA+125.0
14 Apr 20372.4694.612.00AA+
NZX Limited20 Jun 20333.00106.151.185.4040.0
Oceania Healthcare18 Oct 20272.4099.491.102.30
Precinct Properties New Zealand Ltd17 Dec 20211.05102.365.5475.0
27 Nov 20242.25107.681.214.42
28 Jun 20272.65101.561.382.85
Property for Industry28 Nov 20242.00109.110.964.59100.0
01 Oct 20252.30108.071.184.25100.0
Ryman Healthcare17 Dec 20262.55100.291.322.55
Sky City Entertainment Group21 May 20272.50103.381.233.02BBB-
Spark Finance10 Mar 20231.15105.980.264.51100.0
07 Mar 20241.35105.650.373.37A-125.0
07 Sep 20261.65111.760.453.94A-125.0
Summerset Group Holdings Limited11 Jul 20231.95105.641.034.78100.0
24 Sep 20252.25108.121.134.20125.0
20 Sep 20272.6598.261.352.30
Synlait Milk17 Dec 20244.5098.353.453.83
Transpower30 Jun 20220.80103.554.30AA-75.0
16 Sep 20220.90105.060.064.07AA-100.0
15 Mar 20231.05109.100.165.45AA-50.0
14 Mar 20241.29104.730.312.73AA-
06 Mar 20251.45109.820.383.82AA-125.0
04 Sep 20251.55101.430.441.74AA-150.0
08 Apr 20261.7599.440.581.52AA
15 Mar 20282.00126.240.665.89AA-100.0
TrustPower 15 Dec 20211.30102.325.63125.0
15 Dec 20221.65103.700.784.01127.7
29 Jul 20262.20105.441.013.35
Vector27 May 20251.70107.050.613.45
WEL Networks Limited02 Aug 20231.95106.981.034.90150.0
Wellington International Airport12 May 20231.85105.110.954.25BBB+75.0
05 Aug 20242.15107.311.144.00BBB+60.0
16 Jun 20252.35110.371.265.00BBB+75.0
13 Aug 20262.50101.151.302.50
01 Apr 20302.30106.620.774.00
Westpac New Zealand01 Sep 20211.25100.854.70BBB+400.0
07 Jun 20220.80103.083.78AA-
23 Mar 20231.09105.600.203.72AA-550.0
29 Jul 20241.48102.170.472.22AA-900.0
20 Feb 20251.60102.580.542.08AA-500.0
24 Feb 20261.8598.830.691.44AA-
24 Feb 20261.44AA-
Z Energy01 Nov 20211.35101.664.01200.0
01 Nov 20231.70106.840.764.32200.0
03 Sep 20241.90106.920.884.00

Subordinated Callable Bonds

Issuer Maturity
Date
Yield to
Reset Date
Swap
Spread
Coupon Coupon Reset Date Coupon Base Coupon Margin Credit Rating Amt $m

Convertible Bonds

Issuer Election or
Conversion Date
Yield to
Election/
Conversion
Swap
Spread
Coupon Next Call Credit Rating Amt $m
Fletcher Building Industries15 Mar 20222.755.00100.0
IAG15 Jun 20225.1515 Jun 2022BBB350.0
Infratil15 Jun 20242.751.755.5056.1

Capital Bond

Issuer Maturity
Date
Yield to
Maturity
Indicative Price Swap
Spread
Coupon Credit Rating Amt $m
Fletcher Building Industries15 Mar 20212.40100.934.75100.0
15 Mar 20232.45107.101.565.25100.0
15 Mar 20242.60109.371.624.90
The Cooperative Bank Ltd28 Jul 20214.303.116.00BBB30.0
Vector15 Jun 20222.40105.525.70BB+

Perpetual Callable Bonds

Issuer Maturity Date Price Current
Coupon
Coupon
Reset Date
Coupon
Base
Coupon
Margin
Next
Call
Credit Rating Amt $m

Redeemable Preference Shares

Issuer Maturity Date Price Current
Coupon
Coupon
Reset Date
Coupon
Base
Coupon
Margin
Next
Call
Credit Rating Amt $m

Structured Credit

Issuer Maturity
Date
Yield to
Maturity
Indicative Price Swap
Spread
Coupon Credit Rating Amt $m

Yearly Reset Issues

 

Senior Bonds

Issuer Maturity Date Price Current
Coupon
Coupon
Reset Date
Coupon
Base
Coupon
Margin
Next
Call
Credit Rating Amt $m
Chorus Limited06 Dec 2028108.154.8506 Dec 2023
TrustPower 22 Feb 2029105.533.9722 Feb 2024
Infratil15 Dec 2028102.314.8515 Dec 2023122.0

Perpetual Callable Bonds

Issuer Maturity Date Price Current
Coupon
Coupon
Reset Date
Coupon
Base
Coupon
Margin
Next
Call
Credit Rating Amt $m

Redeemable Preference Shares

Issuer Maturity Date Price Current
Coupon
Coupon
Reset Date
Coupon
Base
Coupon
Margin
Next
Call
Credit Rating Amt $m

Redeemable Convertible Preference Shares

Issuer Election or Conversion Date Price Current
Coupon
Coupon
Reset Date
Coupon
Base
Coupon
Margin
Next
Call
Credit Rating Amt $m

Floating Rate Issues

 

Floating rate bonds

Issuer Maturity
Date
Yield to
Reset Date
Swap
Spread
Coupon Coupon Reset Date Coupon Base Coupon Margin Credit Rating Amt $m

Convertible Bonds

Issuer Election or Conversion Date Price Current
Coupon
Coupon
Reset Date
Coupon
Base
Coupon
Margin
Next
Call
Credit Rating Amt $m

Structured Credit

Issuer Maturity Date Price Current
Coupon
Coupon
Reset Date
Coupon
Base
Coupon
Margin
Next
Call
Credit Rating Amt $m