Indicative yields and prices as at 12:00 pm, Dec 4, 2023.
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 May 2024 | 5.57 | 0.98 | |
| 15 Apr 2025 | 5.22 | 0.97 | -0.37 |
| 15 May 2026 | 4.90 | 0.90 | -0.61 |
| 15 Apr 2027 | 4.80 | 1.00 | -0.65 |
| 15 May 2028 | 4.77 | 0.82 | -0.61 |
| 20 Apr 2029 | 4.78 | 0.92 | -0.54 |
| 15 May 2030 | 4.83 | 0.98 | -0.42 |
| 15 May 2031 | 4.87 | 0.79 | -0.32 |
| Maturity | Quarterly Rate |
|---|---|
| 3 mth bills | 5.62 |
| 1 year | 5.57 |
| 2 year | 5.15 |
| 3 year | 4.89 |
| 4 year | 4.75 |
| 5 year | 4.69 |
| 7 year | 4.67 |
| 10 year | 4.87 |
| Issuer | Maturity Date |
Yield to Maturity |
Indicative Price | Swap Spread |
Coupon | Credit Rating | Amt $m | |
|---|---|---|---|---|---|---|---|---|
| Air New Zealand | 27 Apr 2028 | 6.05 | 1.03 | 0.66 | 6.61 | Baa2 | 100.0 | |
| ANZ Bank | 20 Mar 2024 | 0.60 | 3.03 | 550.0 | ||||
| 16 Feb 2028 | 5.40 | 1.01 | 0.00 | 5.22 | AA- | 500.0 | ||
| 18 Jul 2028 | 1.00 | 6.95 | BBB | 550.0 | ||||
| Argosy Property Limited | 27 Mar 2026 | 6.85 | 0.95 | 1.33 | 4.00 | 100.0 | ||
| 29 Oct 2026 | 7.05 | 0.89 | 1.57 | 2.90 | 100.0 | |||
| 27 Oct 2027 | 2.20 | 125.0 | ||||||
| Arvida Group | 22 Feb 2028 | 2.87 | 125.0 | |||||
| ASB Bank | 19 Aug 2024 | 0.50 | 1.83 | AA- | 600.0 | |||
| 04 May 2026 | 5.43 | 0.92 | -0.09 | 1.65 | AA- | 500.0 | ||
| 16 Nov 2026 | 5.50 | 1.01 | 0.06 | 5.52 | AA- | 650.0 | ||
| Auckland Council | 6.10 | 0.59 | 2.95 | AA | 500.0 | |||
| 25 Mar 2024 | 0.41 | 5.81 | AA+ | 200.0 | ||||
| 10 Jul 2025 | 5.55 | 0.95 | -0.02 | 2.01 | 150.0 | |||
| 27 Jul 2026 | 5.24 | 0.97 | -0.26 | 3.34 | AA | 180.0 | ||
| 20 Oct 2027 | 5.20 | 0.91 | -0.22 | 2.41 | AA | 300.0 | ||
| 27 Sep 2028 | 5.29 | 1.03 | -0.07 | 5.73 | AA | 300.0 | ||
| Auckland International Airport | 10 Oct 2024 | 1.10 | 3.51 | A- | 150.0 | |||
| 17 Nov 2026 | 5.55 | 0.00 | 3.29 | A- | 150.0 | |||
| 17 Nov 2028 | 5.45 | 1.00 | 0.10 | 5.29 | A- | 150.0 | ||
| 02 Nov 2029 | 5.56 | 1.04 | 0.27 | 6.22 | A- | 250.0 | ||
| Bank of New Zealand | 28 Jan 2025 | 5.70 | 0.96 | 0.10 | 2.16 | AA- | 500.0 | |
| 08 Jun 2026 | 5.20 | 0.92 | -0.31 | 1.88 | AA- | 550.0 | ||
| 07 Jun 2027 | 5.42 | 0.99 | -0.02 | 4.99 | AA- | 650.0 | ||
| 25 May 2028 | 5.46 | 1.00 | 0.08 | 5.54 | AA- | 600.0 | ||
| 01 Sep 2028 | 5.52 | 1.03 | 0.16 | 5.87 | AA- | 1000.0 | ||
| 14 Jun 2029 | 1.05 | 7.30 | BBB | 375.0 | ||||
| China Construction Bank (New Zealand) | 02 Feb 2024 | 1.00 | 6.84 | A | ||||
| 22 Nov 2024 | 5.75 | 0.97 | 2.39 | A | ||||
| Chorus Limited | 01 Dec 2027 | 5.65 | 0.87 | 0.24 | 1.98 | BBB | 200.0 | |
| 01 Dec 2030 | 6.00 | 0.80 | 0.79 | 2.51 | BBB | 200.0 | ||
| Christchurch City Holdings Limited | 27 Nov 2024 | 5.82 | 0.98 | 3.58 | 150.0 | |||
| 05 Nov 2026 | 5.28 | 0.94 | -0.20 | 3.01 | AA- | 150.0 | ||
| 06 Apr 2028 | 5.30 | 1.00 | -0.09 | 5.04 | AA | 150.0 | ||
| Christchurch International Airport | 24 May 2024 | 6.12 | 0.99 | 4.13 | 100.0 | |||
| 19 May 2028 | 5.57 | 0.99 | 0.19 | 5.18 | BBB+ | 100.0 | ||
| Contact Energy | 19 Nov 2026 | 6.76 | 0.94 | 0.00 | 4.33 | BB+ | 225.0 | |
| 11 Apr 2028 | 5.50 | 1.02 | 0.11 | 5.82 | BBB | 250.0 | ||
| 06 Apr 2029 | 5.60 | 1.01 | 0.28 | 5.62 | BBB | 300.0 | ||
| Fletcher Building Industries | 14 Mar 2025 | 8.10 | 0.96 | 2.51 | 3.90 | 100.0 | ||
| 15 Mar 2026 | 8.00 | 0.90 | 2.47 | 2.80 | 100.0 | |||
| 15 Mar 2028 | 7.30 | 0.98 | 1.91 | 6.50 | 100.0 | |||
| Fonterra Co-operative Group | 14 Nov 2025 | 5.50 | 0.92 | -0.05 | 4.15 | 100.0 | ||
| Genesis Energy | 08 Jun 2027 | 2.10 | 5.70 | BB+ | 225.0 | |||
| 09 Jun 2027 | 6.70 | 0.97 | 1.26 | 5.66 | BB+ | 285.0 | ||
| 14 Mar 2028 | 5.65 | 0.95 | 0.26 | 4.17 | BBB+ | 125.0 | ||
| 10 Jul 2028 | 6.55 | 1.01 | 1.18 | 6.50 | BB+ | 240.0 | ||
| GMT Bond Issuer | 14 Apr 2027 | 6.35 | 0.96 | 0.90 | 4.74 | BBB+ | 150.0 | |
| Goodman Property Trust | 31 May 2024 | 6.65 | 0.99 | 4.54 | BBB+ | 100.0 | ||
| Heartland Bank Limited | 28 Apr 2028 | 7.15 | 1.02 | 1.76 | 7.51 | BB+ | 100.0 | |
| IAG | 15 Jun 2028 | 0.95 | 5.32 | BBB | 400.0 | |||
| ICBC | 27 Jun 2024 | 2.61 | ||||||
| Infratil | 15 Dec 2023 | 1.01 | 7.89 | 123.2 | ||||
| 15 Dec 2024 | 7.15 | 0.99 | 1.54 | 4.75 | 100.0 | |||
| 15 Jun 2025 | 7.00 | 1.00 | 1.43 | 6.15 | 43.4 | |||
| 14 Mar 2026 | 6.95 | 0.93 | 1.42 | 3.35 | 120.3 | |||
| 15 Jun 2026 | 5.93 | 115.9 | ||||||
| 14 Dec 2026 | 6.90 | 0.91 | 1.42 | 3.35 | 156.3 | |||
| 15 Dec 2027 | 6.60 | 0.90 | 1.19 | 3.60 | 102.4 | |||
| 31 Jul 2029 | 6.70 | 1.02 | 1.40 | 6.90 | 150.0 | |||
| 15 Mar 2031 | 6.70 | 1.04 | 1.50 | 7.08 | 127.2 | |||
| Investore Property | 18 Apr 2024 | 7.00 | 1.00 | 4.40 | 100.0 | |||
| 25 Feb 2027 | 6.95 | 0.92 | 1.49 | 4.00 | 125.0 | |||
| 30 Aug 2027 | 7.10 | 0.85 | 1.67 | 2.40 | 125.0 | |||
| Kiwi Property Group | 19 Dec 2024 | 6.73 | 1.00 | 1.12 | 4.33 | BBB+ | 125.0 | |
| 12 Nov 2025 | 6.55 | 0.96 | 1.00 | 4.06 | 100.0 | |||
| 27 Sep 2029 | 6.19 | 1.01 | 0.90 | 6.24 | BBB+ | 125.0 | ||
| Kiwibank | 20 Sep 2024 | 2.16 | A | 500.0 | ||||
| 11 Dec 2025 | 6.90 | 0.91 | 1.36 | 2.36 | Baa3 | 275.0 | ||
| 02 Nov 2026 | 0.93 | 4.93 | Ba1 | 250.0 | ||||
| 19 Oct 2027 | 5.50 | 1.02 | 0.08 | 5.74 | A1 | |||
| 12 May 2028 | 6.55 | 1.00 | 1.17 | 6.40 | Baa2 | 200.0 | ||
| 19 Oct 2028 | 5.52 | 1.04 | 0.17 | 6.25 | A1 | |||
| Manawa Energy | 29 Jul 2026 | 5.78 | 0.94 | 0.28 | 3.35 | 125.0 | ||
| 08 Sep 2027 | 5.79 | 0.98 | 0.36 | 5.36 | 150.0 | |||
| Mercury NZ | 11 Jul 2024 | 7.60 | 0.98 | 3.60 | BB+ | 300.0 | ||
| 29 Sep 2026 | 2.16 | BBB+ | 200.0 | |||||
| 13 May 2027 | 6.80 | 0.97 | 1.35 | 5.73 | BB+ | 250.0 | ||
| 13 Sep 2027 | 5.55 | 0.87 | 0.12 | 1.56 | BBB+ | 200.0 | ||
| 19 Jun 2028 | 5.60 | 1.03 | 0.22 | 5.64 | BBB+ | 150.0 | ||
| Meridian Energy | 20 Mar 2024 | 5.90 | 1.01 | 4.88 | BBB+ | 150.0 | ||
| 27 Jun 2025 | 5.75 | 1.00 | 0.18 | 4.21 | BBB+ | 200.0 | ||
| 20 Sep 2028 | 5.60 | 1.02 | 0.24 | 5.91 | BBB+ | 200.0 | ||
| Metlifecare | 30 Sep 2026 | 7.20 | 0.90 | 1.71 | 3.00 | 100.0 | ||
| Napier Port Holdings | 23 Mar 2028 | 5.75 | 1.00 | 0.36 | 5.52 | 100.0 | ||
| NZ Government | 15 May 2024 | 5.57 | 0.98 | 0.50 | AA+ | |||
| 15 Apr 2025 | 5.22 | 0.97 | -0.37 | 2.75 | AA+ | 1700.0 | ||
| 15 May 2026 | 4.90 | 0.90 | -0.61 | 0.50 | AA+ | |||
| 15 Apr 2027 | 4.80 | 1.00 | -0.65 | 4.50 | AA+ | 5700.0 | ||
| 15 May 2028 | 4.77 | 0.82 | -0.61 | 0.25 | AA+ | |||
| 20 Apr 2029 | 4.78 | 0.92 | -0.54 | 3.00 | AA+ | 2150.0 | ||
| 15 May 2030 | 4.83 | 0.98 | -0.42 | 4.50 | AA+ | |||
| 15 May 2031 | 4.87 | 0.79 | -0.32 | 1.50 | AA+ | 2000.0 | ||
| NZ Local Govt Funding Agency | 15 Apr 2024 | 5.65 | 0.99 | 2.25 | AA+ | 2268.0 | ||
| 15 Apr 2025 | 5.48 | 0.97 | -0.11 | 2.75 | AA+ | 2819.0 | ||
| 15 Apr 2026 | 5.15 | 0.92 | -0.37 | 1.50 | AA+ | 2255.0 | ||
| 15 Apr 2027 | 5.05 | 0.99 | -0.40 | 4.50 | AA+ | 2311.0 | ||
| 15 May 2028 | 5.10 | 0.89 | -0.28 | 2.25 | AAA | 1613.0 | ||
| 20 Apr 2029 | 5.15 | 0.83 | -0.17 | 1.50 | AA+ | 1982.0 | ||
| 15 May 2030 | 5.19 | 0.96 | -0.06 | 4.50 | AA+ | 1600.0 | ||
| 15 May 2031 | 5.32 | 0.81 | 0.13 | 2.25 | AAA | 1305.0 | ||
| 14 Apr 2033 | 5.40 | 0.87 | 0.34 | 3.50 | AA+ | 1575.0 | ||
| 15 May 2035 | 5.55 | 0.79 | 0.63 | 3.00 | AAA | 550.0 | ||
| 14 Apr 2037 | 5.66 | 0.66 | 2.00 | AA+ | 920.0 | |||
| NZX Limited | 20 Jun 2028 | 1.00 | 6.80 | 40.0 | ||||
| 20 Jun 2033 | 5.40 | 40.0 | ||||||
| Oceania Healthcare | 18 Oct 2027 | 7.55 | 0.83 | 2.13 | 2.30 | 125.0 | ||
| 13 Sep 2028 | 7.55 | 0.84 | 2.19 | 3.30 | 100.0 | |||
| Precinct Properties New Zealand Ltd | 27 Nov 2024 | 6.85 | 0.98 | 4.42 | 100.0 | |||
| 28 Jun 2027 | 6.32 | 0.99 | 0.87 | 2.85 | 150.0 | |||
| 09 May 2028 | 6.80 | 0.94 | 1.42 | 5.25 | 175.0 | |||
| Property for Industry | 28 Nov 2024 | 6.73 | 0.98 | 4.59 | 100.0 | |||
| 01 Oct 2025 | 6.48 | 0.97 | 0.92 | 4.25 | 100.0 | |||
| Quayside Holdings | 12 Mar 2026 | 0.88 | 6.64 | 200.0 | ||||
| Ryman Healthcare | 17 Dec 2026 | 6.65 | 0.89 | 1.17 | 2.55 | 150.0 | ||
| Sky City Entertainment Group | 21 May 2027 | 3.02 | BBB- | 175.0 | ||||
| Southland Building Society | 18 Mar 2027 | 5.85 | 1.01 | 0.39 | 6.14 | BBB+ | 175.0 | |
| 18 Mar 2027 | 6.70 | 0.97 | 1.24 | 4.32 | BBB+ | 150.0 | ||
| Spark Finance | 07 Mar 2024 | 5.72 | 1.00 | 3.37 | A- | 125.0 | ||
| 07 Sep 2026 | 5.42 | 1.02 | -0.07 | 3.94 | A- | 125.0 | ||
| Summerset Group Holdings Limited | 24 Sep 2025 | 6.53 | 0.97 | 0.97 | 4.20 | 125.0 | ||
| 20 Sep 2027 | 6.55 | 0.86 | 1.12 | 2.30 | 150.0 | |||
| 09 Mar 2029 | 6.34 | 1.01 | 1.01 | 6.50 | 175.0 | |||
| Synlait Milk | 17 Dec 2024 | 18.00 | 0.88 | 12.39 | 3.83 | 180.0 | ||
| Transpower | 14 Mar 2024 | 5.70 | 1.00 | 2.73 | AA- | 150.0 | ||
| 06 Mar 2025 | 5.40 | 0.94 | -0.19 | 3.82 | AA- | 125.0 | ||
| 04 Sep 2025 | 5.65 | 0.97 | 0.09 | 1.74 | AA- | 450.0 | ||
| 08 Apr 2026 | 5.40 | 0.92 | -0.12 | 1.52 | AA | 150.0 | ||
| 08 Sep 2026 | 5.30 | 0.96 | -0.19 | 2.05 | AA | 200.0 | ||
| 16 Sep 2027 | 5.13 | 0.99 | -0.30 | 4.63 | AA | 200.0 | ||
| 15 Mar 2028 | 5.15 | 1.04 | -0.24 | 5.89 | AA- | 100.0 | ||
| TrustPower | 29 Jul 2026 | 1.70 | -3.80 | 3.35 | ||||
| Vector | 27 May 2025 | 5.90 | 0.97 | 0.32 | 3.45 | 250.0 | ||
| 15 Jun 2027 | 6.60 | 1.02 | 1.16 | 6.23 | BB+ | 307.2 | ||
| 26 Nov 2027 | 5.65 | 0.93 | 0.24 | 3.69 | BBB | 225.0 | ||
| Wellington International Airport | 05 Aug 2024 | 6.50 | 1.00 | 4.00 | BBB+ | 60.0 | ||
| 16 Jun 2025 | 6.30 | 1.00 | 0.73 | 5.00 | BBB+ | 70.0 | ||
| 13 Aug 2026 | 6.00 | 0.92 | 0.50 | 2.50 | 100.0 | |||
| 24 Sep 2026 | 6.62 | 0.92 | 1.13 | 3.32 | 125.0 | |||
| 24 Aug 2028 | 5.85 | 1.01 | 0.49 | 5.78 | BBB | 75.0 | ||
| 01 Apr 2030 | 6.60 | 0.97 | 1.01 | 4.00 | 100.0 | |||
| Westpac New Zealand | 29 Jul 2024 | 2.22 | AA- | 900.0 | ||||
| 20 Feb 2025 | 5.57 | 0.99 | -0.03 | 2.08 | AA- | 500.0 | ||
| 24 Feb 2026 | 5.23 | 0.92 | -0.30 | 1.44 | AA- | |||
| 24 Feb 2026 | 1.44 | AA- | ||||||
| 16 Feb 2027 | 5.42 | 0.96 | -0.04 | 3.70 | AA | |||
| 16 Sep 2027 | 6.35 | 1.01 | 0.92 | 6.19 | A- | 600.0 | ||
| 14 Feb 2029 | 6.25 | 1.02 | 0.92 | 6.73 | A- | 600.0 | ||
| Works Finance (NZ) | 15 Jun 2024 | 1.01 | 9.81 | 200.0 | ||||
| Z Energy | 03 Sep 2024 | 6.30 | 0.98 | 4.00 | 125.0 |
| Issuer | Maturity Date |
Yield to Reset Date |
Swap Spread |
Coupon | Coupon Reset Date | Coupon Base | Coupon Margin | Credit Rating | Amt $m |
|---|
| Issuer | Election or Conversion Date |
Yield to Election/ Conversion |
Swap Spread |
Coupon | Next Call | Credit Rating | Amt $m |
|---|---|---|---|---|---|---|---|
| Infratil | 15 Jun 2024 | 7.20 | 5.50 | 56.1 |
| Issuer | Maturity Date |
Yield to Maturity |
Indicative Price | Swap Spread |
Coupon | Credit Rating | Amt $m | |
|---|---|---|---|---|---|---|---|---|
| Fletcher Building Industries | 15 Mar 2024 | 7.90 | 1.00 | 4.90 | 100.0 |
| Issuer | Maturity Date | Price | Current Coupon |
Coupon Reset Date |
Coupon Base |
Coupon Margin |
Next Call |
Credit Rating | Amt $m |
|---|
| Issuer | Maturity Date | Price | Current Coupon |
Coupon Reset Date |
Coupon Base |
Coupon Margin |
Next Call |
Credit Rating | Amt $m |
|---|
| Issuer | Maturity Date |
Yield to Maturity |
Indicative Price | Swap Spread |
Coupon | Credit Rating | Amt $m |
|---|
| Issuer | Maturity Date | Price | Current Coupon |
Coupon Reset Date |
Coupon Base |
Coupon Margin |
Next Call |
Credit Rating | Amt $m |
|---|---|---|---|---|---|---|---|---|---|
| Chorus Limited | 06 Dec 2028 | 1.01 | 4.85 | 06 Dec 2023 | 500.0 | ||||
| TrustPower | 22 Feb 2029 | 3.97 | 22 Feb 2024 | 100.0 | |||||
| Infratil | 15 Dec 2028 | 1.01 | 4.85 | 15 Dec 2023 | 146.2 |
| Issuer | Maturity Date | Price | Current Coupon |
Coupon Reset Date |
Coupon Base |
Coupon Margin |
Next Call |
Credit Rating | Amt $m |
|---|
| Issuer | Maturity Date | Price | Current Coupon |
Coupon Reset Date |
Coupon Base |
Coupon Margin |
Next Call |
Credit Rating | Amt $m |
|---|
| Issuer | Election or Conversion Date | Price | Current Coupon |
Coupon Reset Date |
Coupon Base |
Coupon Margin |
Next Call |
Credit Rating | Amt $m |
|---|
| Issuer | Maturity Date |
Yield to Reset Date |
Swap Spread |
Coupon | Coupon Reset Date | Coupon Base | Coupon Margin | Credit Rating | Amt $m |
|---|
| Issuer | Election or Conversion Date | Price | Current Coupon |
Coupon Reset Date |
Coupon Base |
Coupon Margin |
Next Call |
Credit Rating | Amt $m |
|---|
| Issuer | Maturity Date | Price | Current Coupon |
Coupon Reset Date |
Coupon Base |
Coupon Margin |
Next Call |
Credit Rating | Amt $m |
|---|