Bond Issues

Indicative yields and prices as at 11:00 am, Feb 26, 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 May 20210.20102.96
15 Apr 20230.32113.02-0.20
14 May 20240.5699.95-0.14
15 Apr 20250.77109.05-0.07
14 May 20261.0097.61-0.02
15 Apr 20271.14121.51-0.03
14 May 20281.3892.340.04
20 Apr 20291.50112.530.01

NZFMA

Maturity Quarterly Rate
3 mth bills0.28
1 year0.34
2 year0.51
3 year0.73
4 year0.97
5 year1.20
7 year1.59
10 year1.72

Fixed Rate Issues

 

Senior Bonds

Issuer Maturity
Date		 Yield to
Maturity		 Indicative Price Swap
Spread		 Coupon Credit Rating Amt $m
ANZ Bank22 Mar 20210.30101.984.00AA-325.0
02 Sep 20210.30101.513.33AA-200.0
01 Sep 20220.45104.930.033.75AA-275.0
30 May 20230.65107.720.113.70AA-500.0
01 Sep 20230.75107.320.173.71AA-150.0
20 Mar 20240.90107.750.233.03
Argosy Property Limited27 Mar 20262.35108.561.354.00
29 Oct 20262.40102.881.312.90
26 Oct 20272.6097.751.352.20
ASB Bank26 May 20210.30102.054.25AA-650.0
24 Feb 20220.40103.794.20AA-100.0
07 Sep 20230.80106.180.213.31AA-450.0
19 Aug 20241.05102.700.311.83AA-600.0
Auckland Council 3.5390.652.95AA
27 Jun 20230.65106.360.103.17AA
25 Mar 20240.90117.320.235.81AA+200.0
10 Jul 20251.20103.720.322.01
27 Jul 20261.50109.810.453.34AA160.0
Auckland International Airport28 May 20210.60102.615.52A-150.0
09 Nov 20220.95106.900.504.28A-100.0
17 Apr 20231.10106.680.583.64A-
02 Nov 20231.20108.560.593.97A-225.0
10 Oct 20241.50108.400.743.51A-
Bank of China17 Oct 20220.85106.740.414.09A
19 Apr 20231.00107.830.484.02A
Bank of New Zealand27 Jul 20220.45105.130.043.86AA-
15 Jun 20230.70108.570.154.10AA-250.0
16 Nov 20230.80108.670.183.65
28 Jan 20251.20103.840.392.16AA-500.0
16 Dec 20252.55101.351.602.73BBB+
China Construction Bank (New Zealand)09 Nov 20220.85106.380.403.93A
19 Jun 20231.05107.490.504.01A
24 Sep 20231.1599.920.560.95A
Chorus Limited06 May 20210.65100.914.12BBB400.0
01 Dec 20272.4097.381.131.98BBB
01 Dec 20302.8097.521.052.51BBB
Christchurch City Holdings Limited06 Dec 20220.75105.430.293.40A+
27 Nov 20241.20109.600.423.58
Christchurch International Airport04 Oct 20210.80105.766.25BBB+75.0
24 May 20241.65108.870.954.13100.0
Contact Energy 15 Nov 20210.55102.904.40BBB125.0
15 Nov 20220.90106.500.444.63BBB125.0
15 Aug 20241.30107.740.563.55
Fletcher Building Industries14 Mar 20252.80105.951.973.90
Fonterra Co-operative Group20 Oct 20211.05103.944.33A-350.0
07 Mar 20230.80109.400.304.42A-150.0
14 Nov 20251.55112.970.614.15100.0
Genesis Energy2.25106.091.694.65BB+240.0
18 Mar 20220.55105.620.204.14BBB+100.0
08 Jun 20272.15105.721.765.70BB+225.0
Goodman Property Trust23 Jun 20221.05106.070.665.00BBB+100.0
01 Sep 20231.30106.620.724.00BBB+100.0
31 May 20241.55110.570.854.54BBB+100.0
Heartland Bank Limited21 Sep 20221.15107.150.724.50BBB150.0
12 Apr 20241.45107.730.773.55
ICBC27 Jun 20241.35104.540.632.61
Infratil15 Jun 20223.00106.282.616.85100.0
15 Dec 20222.90105.952.435.6579.3
15 Sep 20233.15106.192.565.2560.0
15 Dec 20243.15106.682.364.7557.3
15 Jun 20253.10113.482.236.1535.0
14 Mar 20263.20101.382.213.35
14 Dec 20263.20101.482.093.35
Investore Property18 Apr 20241.85108.251.174.40100.0
30 Aug 20272.6598.501.422.40
Kiwi Property Group 20 Aug 20211.20102.496.15125.0
07 Sep 20231.55107.950.964.00125.0
19 Dec 20241.85109.911.064.33BBB+
12 Nov 20252.15109.711.214.06100.0
Kiwibank20 Sep 20241.00104.980.252.16A500.0
10 Dec 20302.30100.780.552.36Baa3
Mercury NZ2.35104.503.60BB+
13 Sep 20272.0098.040.771.56BBB+
Meridian Energy14 Mar 20230.85109.510.344.53BBB+150.0
20 Mar 20241.20113.180.534.88BBB+150.0
27 Jun 20251.60111.600.724.21BBB+
Metlifecare30 Sep 20262.50103.081.423.00
NZ Government15 May 20210.20102.966.00AA+11644.0
15 Apr 20230.32113.02-0.205.50AA+1754.0
14 May 20240.5699.95-0.140.50AA+
15 Apr 20250.77109.05-0.072.75AA+1700.0
14 May 20261.0097.61-0.020.50AA+
15 Apr 20271.14121.51-0.034.50AA+5700.0
14 May 20281.3892.340.040.25AA+
20 Apr 20291.50112.530.013.00AA+2150.0
NZ Local Govt Funding Agency15 May 20210.31102.936.00AA+215.0
14 Apr 20220.37103.700.012.75AA+200.0
15 Apr 20230.53112.550.015.50AA+65.0
15 Apr 20240.77105.400.092.25AA+
15 Apr 20251.04107.920.202.75AA+325.0
15 Apr 20261.30101.550.301.50AA+1000.0
15 Apr 20271.51119.110.344.50AA+200.0
20 Apr 20291.9397.310.441.50AA+632.0
14 Apr 20332.45112.270.323.50AA+125.0
14 Apr 20372.8689.702.00AA+
NZX Limited20 Jun 20332.60107.280.445.4040.0
Oceania Healthcare18 Oct 20272.5598.731.302.30
Precinct Properties New Zealand Ltd17 Dec 20211.40104.385.5475.0
27 Nov 20242.00109.811.224.42
Property for Industry28 Nov 20241.80110.091.024.59100.0
01 Oct 20252.00110.521.084.25100.0
Ryman Healthcare17 Dec 20262.45101.041.342.55
Sky Network Television31 Mar 20215.25101.106.25100.0
Spark Finance10 Mar 20230.80108.460.294.51100.0
07 Mar 20241.05106.820.383.37A-125.0
07 Sep 20261.35114.660.283.94A-125.0
Summerset Group Holdings Limited11 Jul 20231.65107.881.094.78100.0
24 Sep 20252.18109.521.264.20125.0
20 Sep 20272.5099.231.262.30
Synlait Milk17 Dec 20243.30102.652.513.83
Transpower30 Jun 20220.40105.900.014.30AA-75.0
16 Sep 20220.50107.340.074.07AA-100.0
15 Mar 20230.60112.300.095.45AA-50.0
14 Mar 20240.95106.580.282.73AA-
06 Mar 20251.25109.990.423.82AA-125.0
04 Sep 20251.35101.660.441.74AA-150.0
15 Mar 20282.10127.410.795.89AA-100.0
TrustPower 15 Dec 20211.30104.575.63125.0
15 Dec 20221.50105.261.034.01127.7
29 Jul 20262.20106.131.153.35
Vector27 May 20251.65108.230.793.45
WEL Networks Limited02 Aug 20232.00107.201.434.90150.0
Wellington International Airport15 May 20211.45102.816.25BBB+75.0
12 May 20231.75106.641.224.25BBB+75.0
05 Aug 20242.05106.691.324.00BBB+60.0
16 Jun 20252.35111.781.485.00BBB+75.0
13 Aug 20262.5599.841.492.50
01 Apr 20302.40107.830.764.00
Westpac New Zealand28 Apr 20210.30101.853.80AA-700.0
01 Sep 20211.70102.654.70BBB+400.0
07 Jun 20220.45105.070.073.78AA-
23 Mar 20230.65107.910.143.72AA-550.0
29 Jul 20241.05104.100.322.22AA-900.0
20 Feb 20251.25103.270.432.08AA-500.0
Z Energy01 Nov 20211.40102.054.01200.0
01 Nov 20231.70107.161.094.32200.0
03 Sep 20241.90107.071.154.00

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 20222.752.405.00100.0
IAG15 Jun 20225.1515 Jun 2022BBB350.0
Infratil15 Jun 20242.952.245.5056.1

Capital Bond

Issuer Maturity
Date		 Yield to
Maturity		 Indicative Price Swap
Spread		 Coupon Credit Rating Amt $m
Fletcher Building Industries15 Mar 20214.75102.164.75100.0
15 Mar 20232.60107.032.095.25100.0
15 Mar 20242.65108.771.984.90
The Cooperative Bank Ltd28 Jul 20214.303.256.00BBB30.0
Vector15 Jun 20222.201.815.70BB+

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 2028107.064.8506 Dec 2023
TrustPower 22 Feb 2029105.003.9722 Feb 2024
Infratil15 Dec 2028103.444.8515 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

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