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Bond Issues

Indicative yields and prices as at 11:00 am, Jun 29, 2022.

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 20233.29102.87
15 May 20243.5494.61-0.40
15 Apr 20253.6598.22-0.31
15 May 20263.7088.63-0.29
15 Apr 20273.73104.30-0.28
15 May 20283.8081.51-0.24
20 Apr 20293.8495.61-0.23
15 May 20313.9082.34-0.22

NFMA

Maturity Quarterly Rate
3 mth bills2.82
1 year3.90
2 year4.16
3 year4.20
4 year4.19
5 year4.17
7 year4.17
10 year4.19

Fixed Rate Issues

Senior Bonds

Issuer Maturity
Date
Yield to
Maturity
Indicative Price Swap
Spread
Coupon Credit Rating Amt $m
ANZ Bank01 Sep 20222.65101.433.75AA-275.0
30 May 20234.1599.933.70AA-500.0
01 Sep 20234.30100.570.383.71AA-150.0
20 Mar 20244.4798.500.533.03
Argosy Property Limited27 Mar 20265.6594.401.664.00
29 Oct 20265.7589.541.752.90
27 Oct 20275.8583.701.822.20
Arvida Group22 Feb 20286.0085.311.962.87
ASB Bank24 Feb 20220.224.20AA-100.0
07 Sep 20234.3099.920.383.31AA-450.0
19 Aug 20244.6595.010.701.83AA-600.0
04 May 20264.9089.000.911.65AA-
Auckland Council 27 Jun 20233.9599.303.17AA
25 Mar 20244.33103.990.395.81AA+200.0
10 Jul 20254.4594.140.482.01
27 Jul 20264.4597.340.453.34AA160.0
20 Oct 20274.5090.720.472.41AA
Auckland International Airport09 Nov 20223.30100.954.28A-100.0
17 Apr 20234.10100.403.64A-
02 Nov 20234.7099.610.773.97A-225.0
10 Oct 20244.7598.150.803.51A-
17 Nov 20265.150.003.29A-
Bank of China17 Oct 20223.50101.014.09A
19 Apr 20234.45100.474.02A
Bank of New Zealand27 Jul 20222.40101.703.86AA-
15 Jun 20234.20100.104.10AA-250.0
16 Nov 20234.7098.970.773.65
28 Jan 20254.7094.830.742.16AA-500.0
16 Dec 20251.90-2.082.73BBB+
08 Jun 20264.9589.280.961.88AA-
China Construction Bank (New Zealand)09 Nov 20223.65100.663.93A
19 Jun 20234.7099.494.01A
24 Sep 20234.8595.650.920.95A
Chorus Limited01 Dec 20275.1785.171.141.98BBB
01 Dec 20305.6279.351.512.51BBB
Christchurch City Holdings Limited06 Dec 20223.30100.283.40A+
27 Nov 20244.4098.500.443.58
05 Nov 20264.5394.540.533.01AA-
Christchurch International Airport24 May 20244.6899.450.744.13100.0
19 May 20285.10101.021.065.18BBB+
Contact Energy 15 Nov 20210.684.40BBB125.0
15 Nov 20223.45101.034.63BBB125.0
15 Aug 20244.7098.150.753.55
19 Nov 20265.4096.760.004.33BB+
Fletcher Building Industries14 Mar 20255.1097.751.143.90
15 Mar 20262.80
Fonterra Co-operative Group07 Mar 20234.00101.684.42A-150.0
14 Nov 20254.7598.700.774.15100.0
Genesis Energy4.55100.470.634.65BB+240.0
18 Mar 20220.734.14BBB+100.0
08 Jun 20273.70101.165.70BB+225.0
14 Mar 20285.2096.211.164.17BBB+
GMT Bond Issuer14 Apr 20275.2099.091.194.74BBB+
Goodman Property Trust23 Jun 20222.30102.475.00BBB+100.0
01 Sep 20234.55100.710.634.00BBB+100.0
31 May 20244.8899.780.944.54BBB+100.0
Heartland Bank Limited21 Sep 20223.15101.544.50BBB150.0
12 Apr 20244.8598.590.913.55
ICBC27 Jun 20245.1595.301.212.61
Infratil15 Jun 20223.55101.586.85100.0
15 Dec 20224.55101.795.6579.3
15 Sep 20234.90101.560.975.2560.0
15 Dec 20245.2099.961.244.7557.3
15 Jun 20255.15104.111.186.1535.0
14 Mar 20265.1094.731.113.35
14 Dec 20265.4092.521.393.35
15 Dec 20275.6591.091.623.60
Investore Property18 Apr 20245.3599.161.414.40100.0
25 Feb 20275.7093.381.694.00
30 Aug 20275.7585.221.732.40
Kiwi Property Group 20 Aug 20211.596.15125.0
07 Sep 20234.65100.530.734.00125.0
19 Dec 20244.9098.840.944.33BBB+
12 Nov 20255.0097.681.024.06100.0
Kiwibank20 Sep 20244.8595.000.902.16A500.0
11 Dec 20254.8591.920.872.36Baa3
02 Nov 202698.004.93Ba1
Manawa Energy15 Dec 20224.00100.090.004.01
22 Feb 20244.5599.160.613.97
29 Jul 20265.1593.891.153.35
Mercury NZ29 Sep 20265.001.002.16BBB+
13 Sep 20275.1584.261.121.56BBB+
Meridian Energy14 Mar 20234.00101.714.53BBB+150.0
20 Mar 20244.65101.750.714.88BBB+150.0
27 Jun 20254.8098.430.834.21BBB+
Metlifecare30 Sep 20265.8589.241.853.00
NZ Government15 Apr 20233.29102.875.50AA+1754.0
15 May 20243.5494.61-0.400.50AA+
15 Apr 20253.6598.22-0.312.75AA+1700.0
15 May 20263.7088.63-0.290.50AA+
15 Apr 20273.73104.30-0.284.50AA+5700.0
15 May 20283.8081.51-0.240.25AA+
20 Apr 20293.8495.61-0.233.00AA+2150.0
15 May 20313.9082.34-0.221.50AA+2000.0
NZ Local Govt Funding Agency14 Apr 20220.442.75AA+200.0
15 Apr 20233.63102.605.50AA+65.0
15 Apr 20244.1097.320.162.25AA+
15 Apr 20254.2596.680.292.75AA+325.0
15 Apr 20264.3690.430.371.50AA+1000.0
15 Apr 20274.38101.470.374.50AA+200.0
15 May 20284.4688.990.422.25AAA
20 Apr 20294.5082.890.431.50AA+632.0
15 May 20312.25AAA
14 Apr 20334.6990.770.533.50AA+125.0
15 May 20354.8283.080.603.00AAA
14 Apr 20374.9070.172.00AA+
NZX Limited20 Jun 2033101.615.4040.0
Oceania Healthcare18 Oct 20275.7784.611.742.30
13 Sep 20286.0086.151.953.30
Precinct Properties New Zealand Ltd17 Dec 20211.705.5475.0
27 Nov 20245.4098.121.444.42
28 Jun 20275.8087.711.782.85
09 May 20285.8597.691.815.25
Property for Industry28 Nov 20245.3098.711.344.59100.0
01 Oct 20255.4596.331.474.25100.0
Ryman Healthcare17 Dec 20265.7887.351.772.55
Sky City Entertainment Group21 May 20275.5589.581.533.02BBB-
Spark Finance10 Mar 20233.95100.654.51100.0
07 Mar 20244.4598.490.513.37A-125.0
07 Sep 20265.0595.991.053.94A-125.0
Summerset Group Holdings Limited11 Jul 20234.90100.840.984.78100.0
24 Sep 20255.5596.001.574.20125.0
20 Sep 20275.7384.571.702.30
Synlait Milk17 Dec 20247.0092.893.043.83
Transpower30 Jun 20224.30102.074.30AA-75.0
16 Sep 20222.70101.464.07AA-100.0
15 Mar 20233.75102.785.45AA-50.0
14 Mar 20244.3098.260.362.73AA-
06 Mar 20254.4399.700.473.82AA-125.0
04 Sep 20254.4692.580.491.74AA-150.0
08 Apr 20264.5589.970.561.52AA
08 Sep 20264.6091.020.602.05AA
15 Mar 20285.3998.401.355.89AA-100.0
TrustPower 15 Dec 20211.545.63125.0
15 Dec 20221.704.01127.7
29 Jul 20261.70-2.303.35
Vector27 May 20254.9096.460.933.45
26 Nov 20275.2093.341.173.69BBB
WEL Networks Limited02 Aug 20235.30100.261.384.90150.0
Wellington International Airport12 May 20234.60100.294.25BBB+75.0
05 Aug 20245.0099.661.054.00BBB+60.0
16 Jun 20255.1599.811.185.00BBB+75.0
13 Aug 20265.1091.401.102.50
24 Sep 20264.8594.740.853.32
01 Apr 20304.7098.840.744.00
Westpac New Zealand07 Jun 20223.78101.863.78AA-
23 Mar 20233.97100.843.72AA-550.0
29 Jul 20244.7096.090.752.22AA-900.0
20 Feb 20254.7594.220.792.08AA-500.0
24 Feb 20264.9588.920.961.44AA-
24 Feb 20261.44AA-
16 Feb 20275.3594.491.343.70AA
Z Energy01 Nov 20211.634.01200.0
01 Nov 20234.8099.990.874.32200.0
03 Sep 20245.3597.441.404.00

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 20223.245.00100.0
IAG15 Jun 20225.1515 Jun 2022BBB350.0
Infratil15 Jun 20245.001.065.5056.1

Capital Bonds

Issuer Maturity
Date
Yield to
Maturity
Indicative Price Swap
Spread
Coupon Credit Rating Amt $m
Fletcher Building Industries15 Mar 20213.104.75100.0
15 Mar 20234.50101.455.25100.0
15 Mar 20244.75101.300.814.90
The Cooperative Bank Ltd28 Jul 20214.300.306.00BBB30.0
Vector15 Jun 20222.205.70BB+

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 2028101.124.8506 Dec 2023
TrustPower 22 Feb 20293.9722 Feb 2024
Infratil15 Dec 2028100.384.8515 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