Indicative yields and prices as at 11:00 am, October 18, 2017
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
| Maturity | Yield to Maturity |
Indicative Price $ | Swap Spread |
|---|---|---|---|
| 15 Dec 2017 | 1.71 | 102.74 | |
| 15 Mar 2019 | 1.83 | 104.86 | -0.26 |
| 15 Apr 2020 | 2.05 | 102.51 | -0.16 |
| 15 May 2021 | 2.21 | 115.78 | -0.12 |
| 15 Apr 2023 | 2.50 | 115.65 | -0.04 |
| 15 Apr 2025 | 2.77 | 100.18 | 0.01 |
| 15 Apr 2027 | 2.93 | 113.35 | -0.06 |
| 14 Apr 2033 | 3.23 | 103.34 | |
| 15 Apr 2037 |
| Issuer | Maturity Date |
Yield to Maturity |
Indicative Price | Swap Spread |
Coupon | Credit Rating | Amt $m | |
|---|---|---|---|---|---|---|---|---|
| ANZ National Bank | 16 Feb 2018 | 6.85 | AA- | 250.0 | ||||
| 20 Sep 2018 | 2.45 | 103.78 | 6.08 | AA- | 125.0 | |||
| 27 Feb 2019 | 2.60 | 104.54 | 0.52 | 5.43 | AA- | 400.0 | ||
| 25 Sep 2020 | 3.10 | 102.87 | 0.84 | 4.03 | AA- | 225.0 | ||
| 22 Mar 2021 | 3.25 | 102.73 | 0.94 | 4.00 | AA- | 325.0 | ||
| 02 Sep 2021 | 3.35 | 100.38 | 0.99 | 3.33 | AA- | 200.0 | ||
| 01 Sep 2022 | 3.65 | 100.96 | 1.18 | 3.75 | AA- | 275.0 | ||
| 01 Sep 2023 | 3.75 | 100.30 | 1.17 | 3.71 | AA- | 150.0 | ||
| ASB Bank | 20 Dec 2017 | 2.15 | 101.88 | 4.48 | AA- | 400.0 | ||
| 15 Jun 2019 | 3.85 | 105.11 | 1.74 | 6.65 | BBB+ | 400.0 | ||
| 25 Feb 2020 | 2.95 | 104.00 | 0.76 | 4.42 | AA- | 200.0 | ||
| 26 May 2021 | 3.25 | 105.06 | 0.92 | 4.25 | AA- | 650.0 | ||
| 24 Feb 2022 | 3.50 | 103.46 | 1.09 | 4.20 | AA- | 100.0 | ||
| Auckland Council | 18 Dec 2018 | 2.25 | 103.96 | 0.19 | 4.41 | AA | 125.0 | |
| 30 Mar 2020 | 2.55 | 101.33 | 0.35 | 3.04 | AA | 250.0 | ||
| 24 Sep 2020 | 2.70 | 103.98 | 0.44 | 4.02 | AA | 250.0 | ||
| 25 Mar 2024 | 3.40 | 114.20 | 0.75 | 5.81 | AA+ | 200.0 | ||
| 27 Jul 2026 | 3.70 | 98.09 | 0.79 | 3.34 | AA | 160.0 | ||
| Auckland International Airport | 17 Oct 2017 | 5.47 | A- | 100.0 | ||||
| 13 Dec 2019 | 2.70 | 105.90 | 0.53 | 4.73 | A- | 100.0 | ||
| 13 Dec 2019 | 2.70 | 105.90 | 0.53 | 4.73 | A- | 100.0 | ||
| 28 May 2021 | 3.10 | 110.38 | 0.77 | 5.52 | A- | 150.0 | ||
| 09 Nov 2022 | 3.40 | 105.97 | 0.91 | 4.28 | A- | 100.0 | ||
| 17 Apr 2023 | 3.60 | 100.24 | 1.06 | 3.64 | A- | |||
| 02 Nov 2023 | 3.60 | 103.84 | 1.00 | 3.97 | A- | 225.0 | ||
| Bank of China | 17 Oct 2022 | 3.95 | 100.67 | 1.46 | 4.09 | A | ||
| Bank of New Zealand | 28 Mar 2018 | 2.25 | 101.35 | 4.68 | AA- | |||
| 20 Dec 2018 | 2.50 | 106.15 | 0.44 | 6.10 | AA- | 200.0 | ||
| 25 Jun 2019 | 2.75 | 106.38 | 0.63 | 5.57 | AA- | 200.0 | ||
| 18 Jun 2020 | 3.05 | 105.00 | 0.82 | 4.43 | AA- | 575.0 | ||
| 27 Jul 2022 | 3.65 | 101.79 | 1.19 | 3.86 | AA- | |||
| 15 Jun 2023 | 3.75 | 103.21 | 1.19 | 4.10 | AA- | 250.0 | ||
| China Construction Bank (New Zealand) | 18 Jun 2018 | 3.25 | 102.16 | 4.32 | A | 75.0 | ||
| Chorus Limited | 06 May 2021 | 3.70 | 102.24 | 1.38 | 4.12 | BBB | 400.0 | |
| Christchurch International Airport | 06 Dec 2019 | 3.10 | 106.11 | 0.93 | 5.15 | BBB+ | 50.0 | |
| 04 Oct 2021 | 3.55 | 110.17 | 1.18 | 6.25 | BBB+ | 75.0 | ||
| Contact Energy | 15 May 2019 | 2.90 | 105.48 | 0.80 | 5.80 | BBB | 222.0 | |
| 15 Nov 2021 | 3.37 | 0.99 | 4.40 | BBB | 125.0 | |||
| 15 Nov 2022 | 3.60 | 105.59 | 1.10 | 4.63 | BBB | 125.0 | ||
| Fonterra Co-operative Group | 20 Oct 2021 | 3.15 | 104.41 | 0.77 | 4.33 | A- | 350.0 | |
| 07 Mar 2023 | 3.55 | 104.76 | 1.02 | 4.42 | A- | 150.0 | ||
| Genesis Energy | 18 Mar 2022 | 3.60 | 102.56 | 1.18 | 4.14 | BBB+ | 100.0 | |
| 09 Jun 2022 | 4.35 | 106.29 | 1.90 | 5.70 | BBB+ | 225.0 | ||
| Goodman Property Trust | 16 Dec 2020 | 3.30 | 110.76 | 1.02 | 6.20 | BBB+ | 100.0 | |
| 23 Jun 2022 | 3.75 | 106.95 | 1.30 | 5.00 | BBB+ | 100.0 | ||
| 31 May 2024 | 4.20 | 103.71 | 1.53 | 4.54 | BBB+ | 100.0 | ||
| Heartland Bank Limited | 21 Sep 2022 | 4.00 | 102.58 | 1.52 | 4.50 | BBB | 150.0 | |
| Infratil | 15 Nov 2019 | 4.40 | 105.95 | 2.24 | 6.75 | 68.5 | ||
| 15 Jun 2022 | 4.65 | 109.83 | 2.20 | 6.85 | 100.0 | |||
| 15 Dec 2022 | 4.70 | 104.88 | 2.20 | 5.65 | 79.3 | |||
| 15 Sep 2023 | 5.00 | 101.79 | 2.41 | 5.25 | 60.0 | |||
| 15 Jun 2025 | 5.50 | 104.64 | 2.72 | 6.15 | 35.0 | |||
| Kiwi Income Property Trust | 20 Aug 2021 | 6.15 | 125.0 | |||||
| 07 Sep 2023 | 4.15 | 99.71 | 1.56 | 4.00 | 125.0 | |||
| Kiwibank | 15 Dec 2017 | 4.15 | 102.26 | 5.80 | BB+ | 150.0 | ||
| Meridian Energy | 14 Mar 2023 | 3.80 | 103.99 | 1.27 | 4.53 | BBB+ | 150.0 | |
| 20 Mar 2024 | 4.00 | 105.35 | 1.35 | 4.88 | BBB+ | 150.0 | ||
| NZ Government | 15 Dec 2017 | 1.71 | 102.74 | 6.00 | AA+ | 10261.0 | ||
| 15 Mar 2019 | 1.83 | 104.86 | -0.26 | 5.00 | AA+ | 7428.0 | ||
| 15 Apr 2020 | 2.05 | 102.51 | -0.16 | 5.00 | AA+ | 2000.0 | ||
| 15 May 2021 | 2.21 | 115.78 | -0.12 | 6.00 | AA+ | 11644.0 | ||
| 15 Apr 2023 | 2.50 | 115.65 | -0.04 | 5.50 | AA+ | 1754.0 | ||
| 15 Apr 2025 | 2.77 | 100.18 | 0.01 | 2.75 | AA+ | 1700.0 | ||
| 15 Apr 2027 | 2.93 | 113.35 | -0.06 | 4.50 | AA+ | 5700.0 | ||
| 14 Apr 2033 | 3.23 | 103.34 | 3.50 | AA+ | 2000.0 | |||
| 15 Apr 2037 | 2.75 | AA+ | 2000.0 | |||||
| NZ Local Govt Funding Agency | 15 Dec 2017 | 1.93 | 102.71 | 6.00 | AA+ | 250.0 | ||
| 15 Mar 2019 | 2.16 | 104.41 | 0.07 | 5.00 | AA+ | 50.0 | ||
| 15 Apr 2020 | 2.42 | 101.44 | 0.21 | 3.00 | AA+ | 20.0 | ||
| 15 May 2021 | 2.73 | 113.67 | 0.40 | 6.00 | AA+ | 215.0 | ||
| 15 Apr 2023 | 3.12 | 112.11 | 0.58 | 5.50 | AA+ | 65.0 | ||
| 15 Apr 2025 | 3.54 | 94.89 | 0.78 | 2.75 | AA+ | 325.0 | ||
| 15 Apr 2027 | 3.80 | 105.85 | 0.81 | 4.50 | AA+ | 200.0 | ||
| 14 Apr 2033 | 4.32 | 90.88 | 3.50 | AA+ | 125.0 | |||
| NZ Post Group Finance | 15 Nov 2019 | 4.10 | 107.16 | 1.94 | 6.35 | BB+ | 200.0 | |
| Precinct Properties New Zealand Ltd | 17 Dec 2021 | 3.90 | 108.14 | 1.51 | 5.54 | 75.0 | ||
| Rabobank New Zealand | 16 May 2018 | 2.35 | 104.88 | 6.25 | AA- | |||
| 15 Mar 2019 | 2.65 | 105.29 | 0.56 | 6.10 | AA- | 0.0 | ||
| 10 Jun 2020 | 3.10 | 0.88 | 4.59 | A+ | 200.0 | |||
| Sky City Entertainment Group | 28 Sep 2022 | 3.90 | 103.65 | 1.42 | 4.65 | BBB- | 125.0 | |
| Sky Network Television | 31 Mar 2021 | 5.15 | 103.81 | 2.84 | 6.25 | 100.0 | ||
| Spark Finance | 10 Mar 2023 | 3.50 | 105.45 | 0.97 | 4.51 | 100.0 | ||
| 07 Sep 2026 | 4.07 | 99.51 | 1.15 | 3.94 | A- | 125.0 | ||
| Summerset Group Holdings Limited | 11 Jul 2023 | 4.28 | 1.71 | 4.78 | 100.0 | |||
| The Warehouse Group | 15 Jun 2020 | 3.90 | 105.34 | 1.67 | 5.30 | 125.0 | ||
| Transpower | 30 Nov 2018 | 5.14 | AA- | 125.0 | ||||
| 06 Sep 2019 | 2.60 | 104.30 | 0.46 | 4.65 | AA- | 200.0 | ||
| 10 Jun 2020 | 2.80 | 113.00 | 0.58 | 6.95 | AA- | 150.0 | ||
| 30 Jun 2022 | 3.25 | 105.85 | 0.80 | 4.30 | AA- | 75.0 | ||
| 16 Sep 2022 | 3.30 | 103.85 | 0.82 | 4.07 | AA- | 100.0 | ||
| 15 Mar 2023 | 3.50 | 110.05 | 0.97 | 5.45 | AA- | 50.0 | ||
| 15 Mar 2028 | 4.30 | 113.83 | 1.21 | 5.89 | AA- | 100.0 | ||
| TrustPower | 15 Dec 2017 | 3.90 | 101.18 | 7.10 | 75.0 | |||
| 15 Sep 2019 | 4.00 | 105.68 | 1.86 | 4.00 | 140.0 | |||
| 15 Dec 2021 | 3.90 | 107.16 | 1.51 | 5.63 | 125.0 | |||
| 15 Dec 2022 | 4.00 | 100.44 | 1.50 | 4.01 | 127.7 | |||
| Wellington International Airport | 15 May 2021 | 3.50 | 111.85 | 1.17 | 6.25 | BBB+ | 75.0 | |
| 12 May 2023 | 3.95 | 103.35 | 1.40 | 4.25 | BBB+ | 75.0 | ||
| 05 Aug 2024 | 4.05 | 100.54 | 1.36 | 4.00 | BBB+ | 60.0 | ||
| 16 Jun 2025 | 4.30 | 106.25 | 1.52 | 5.00 | BBB+ | 75.0 | ||
| Westpac New Zealand | 20 Sep 2018 | 2.40 | 103.30 | 5.55 | AA- | 800.0 | ||
| 12 Jul 2019 | 2.70 | 106.41 | 0.58 | 5.61 | AA- | 100.0 | ||
| 28 Apr 2021 | 3.20 | 101.89 | 0.88 | 3.80 | AA- | 700.0 | ||
| 01 Sep 2021 | 4.10 | 102.76 | 1.74 | 4.70 | BBB+ | 400.0 | ||
| 07 Jun 2022 | 3.55 | 102.35 | 1.10 | 3.78 | AA- | |||
| Z Energy | 15 Aug 2018 | 3.50 | 104.33 | 7.25 | 150.0 | |||
| 15 Nov 2019 | 3.60 | 106.94 | 1.44 | 6.50 | 135.0 | |||
| 01 Nov 2021 | 3.85 | 101.48 | 1.46 | 3.95 | 200.0 | |||
| 01 Nov 2023 | 4.20 | 101.59 | 1.60 | 4.32 | 200.0 |
| Issuer | Maturity Date |
Yield to Reset Date |
Swap Spread |
Coupon | Coupon Reset Date | Coupon Base | Coupon Margin | Credit Rating | Amt $m |
|---|---|---|---|---|---|---|---|---|---|
| Genesis Energy | after 2038 | 6.19 | 15 Jul 2018 | 5 yr swap plus | 4.12 | BB+ | 275.0 | ||
| Infratil | 15 Nov 2017 | 5.00 | 8.00 | 39.7 |
| Issuer | Election or Conversion Date |
Yield to Election/ Conversion |
Swap Spread |
Coupon | Next Call | Credit Rating | Amt $m |
|---|---|---|---|---|---|---|---|
| ANZ National Bank | 25 May 2020 | 7.20 | 25 May 2020 | BBB- | 250.0 | ||
| Fletcher Building Industries | 15 Mar 2017 | 5.95 | 7.50 | 15 Mar 2017 | 68.3 | ||
| TrustPower | 15 Dec 2015 | 8.40 | 8.40 | 15 Dec 2015 | 100.0 | ||
| Fletcher Building Industries | 15 Mar 2018 | 4.35 | 7.15 | 44.1 | |||
| 15 Mar 2019 | 4.30 | 2.21 | 5.40 | 75.0 | |||
| 15 Mar 2022 | 4.40 | 1.98 | 5.00 | 100.0 | |||
| IAG | 15 Jun 2022 | 5.15 | 15 Jun 2022 | BBB | 350.0 | ||
| Infratil | 15 Jun 2024 | 4.90 | 2.23 | 5.50 | 56.1 | ||
| 15 Jun 2016 | 6.00 | 8.50 | 15 Jun 2016 | 100.0 | |||
| 15 Feb 2020 | 4.20 | 2.01 | 8.50 | 20 Feb 2020 | 80.5 |
| Issuer | Maturity Date |
Yield to Maturity |
Indicative Price | Swap Spread |
Coupon | Credit Rating | Amt $m | |
|---|---|---|---|---|---|---|---|---|
| Fletcher Building Industries | 15 Mar 2020 | 4.30 | 103.96 | 2.10 | 5.80 | 93.2 | ||
| 15 Mar 2021 | 4.35 | 101.72 | 2.04 | 4.75 | 100.0 | |||
| Infratil | 15 Nov 2018 | 4.50 | 103.73 | 2.45 | 6.85 | 111.4 | ||
| The Cooperative Bank Ltd | 28 Jul 2021 | 6.00 | 3.09 | 6.00 | BBB | 30.0 | ||
| Vector | 15 Jun 2022 | 4.40 | 107.40 | 1.95 | 5.70 | BB+ |
| Issuer | Maturity Date | Price | Current Coupon |
Coupon Reset Date |
Coupon Base |
Coupon Margin |
Next Call |
Credit Rating | Amt $m |
|---|---|---|---|---|---|---|---|---|---|
| ANZ National Bank | Perpetual | 100.83 | 5.28 | 18 Apr 2018 | 5 yr swap plus | 2.00 | Continuous | BBB+ | 835.0 |
| Credit Agricole S.A. | Perpetual | 97.00 | 5.04 | 19 Dec 2017 | 5 yr swap plus | 1.90 | Continuous | BB+ | 250.0 |
| Issuer | Maturity Date | Price | Current Coupon |
Coupon Reset Date |
Coupon Base |
Coupon Margin |
Next Call |
Credit Rating | Amt $m |
|---|---|---|---|---|---|---|---|---|---|
| Rabo Capital Securities | Perpetual | 107.40 | 8.34 | 18 Jun 2019 | 5 yr swap plus | 3.75 | Continuous | BBB- | 280.0 |
| Issuer | Maturity Date | Price | Current Coupon |
Coupon Reset Date |
Coupon Base |
Coupon Margin |
Next Call |
Credit Rating | Amt $m |
|---|---|---|---|---|---|---|---|---|---|
| Bank of New Zealand | 17 Dec 2025 | 104.22 | 5.31 | 17 Dec 2020 | 5 year swap | 2.25 | 1608116400 | BBB+ | 550.0 |
| Issuer | Maturity Date | Price | Current Coupon |
Coupon Reset Date |
Coupon Base |
Coupon Margin |
Next Call |
Credit Rating | Amt $m |
|---|---|---|---|---|---|---|---|---|---|
| Fonterra Co-operative Group | Perpetual | 96.00 | 4.69 | 10 Jul 2016 | 2.74 | 2.20 | Continuous | BBB+ | 35.0 |
| Infratil | Perpetual | 67.00 | 3.63 | 15 Nov 2017 | 1 yr swap plus | 1.50 | Continuous | 238.0 |
| Issuer | Maturity Date | Price | Current Coupon |
Coupon Reset Date |
Coupon Base |
Coupon Margin |
Next Call |
Credit Rating | Amt $m |
|---|---|---|---|---|---|---|---|---|---|
| ASB Capital | Perpetual | 85.00 | 3.42 | 15 Nov 2017 | 1 yr swap plus | 1.30 | Continuous | BBB | 149.0 |
| ASB Capital No 2 | Perpetual | 83.00 | 3.03 | 15 May 2018 | 1 yr swap plus | 1.00 | Continuous | BBB | 245.7 |
| Motor Trade Finances | Perpetual | 56.70 | 4.47 | 30 Sep 2017 | 1 yr swap plus | 2.40 | Continuous | 40.0 |
| Issuer | Election or Conversion Date | Price | Current Coupon |
Coupon Reset Date |
Coupon Base |
Coupon Margin |
Next Call |
Credit Rating | Amt $m |
|---|---|---|---|---|---|---|---|---|---|
| Works Finance (NZ) | 15 Jun 2016 | 107.50 | 6.05 | 15 Jun 2018 | 1 yr swap plus | 4.05 | Continuous | 200.0 |
| Issuer | Election or Conversion Date | Price | Current Coupon |
Coupon Reset Date |
Coupon Base |
Coupon Margin |
Next Call |
Credit Rating | Amt $m |
|---|---|---|---|---|---|---|---|---|---|
| Nufarm Finance NZ (A$) | 07 Oct 2017 | 9200.00 | 5.89 | 07 Oct 2017 | 6m A$ BBSW plus | 3.90 | Continuous | BB | 251.0 |
