Bond Prices
Last updated: Wednesday, May 28, 2025 - 10:16 AM
| NZ Government Bonds | ||||||
|---|---|---|---|---|---|---|
| Code | Rating | Maturity | Coupon | Price | Spread Swap | Yield to Maturity |
| GB0526 | AAA | 15 May 2026 | 0.50 | 0.9753 | 3.16 | |
| GB0427 | AAA | 15 Apr 2027 | 4.50 | 1.0282 | 0.0847 | 3.25 |
| GB0528 | AAA | 15 May 2028 | 0.25 | 0.9106 | 0.1646 | 3.46 |
| GB0429 | AAA | 20 Apr 2029 | 3.00 | 0.9803 | 0.2146 | 3.64 |
| GB0530 | AAA | 15 May 2030 | 4.50 | 1.0316 | 0.2746 | 3.84 |
| GB0531 | AAA | 15 May 2031 | 1.50 | 0.8675 | 0.3446 | 4.04 |
| GB0532 | AAA | 15 May 2032 | 2.00 | 0.8692 | 0.3746 | 4.20 |
| GB0433 | AAA | 14 Apr 2033 | 3.50 | 0.9502 | 0.3933 | 4.32 |
| NZFMA | |
|---|---|
| Maturity | Quarterly Rate |
| 90 Day Bank Bill | 3.2700 |
| 1 Year Swap | 3.1200 |
| 2 Year Swap | 3.1600 |
| 3 Year Swap | 3.2900 |
| 4 Year Swap | 3.4225 |
| 5 Year Swap | 3.5575 |
| 7 Year Swap | 3.8100 |
| 10 Year Swap | 4.0875 |
| Local Authority Bonds | |||||||
|---|---|---|---|---|---|---|---|
| Issuer | Code | Rating | Maturity | Coupon | Price | Spread Swap | Yield to Maturity |
| Auckland Council | AKC120 | AA | 10 Jul 2025 | 2.01 | 1.0062 | 3.50 | |
| AKC100 | AA | 27 Jul 2026 | 3.34 | 1.0107 | 0.2634 | 3.40 | |
| AKC140 | AA | 20 Oct 2027 | 2.41 | 0.9721 | 0.5385 | 3.76 | |
| AKC150 | AA | 27 Sep 2028 | 5.73 | 1.0638 | 0.6432 | 3.99 | |
| AKC130 | AA | 28 Sep 2050 | 2.95 | 0.6243 | 5.85 | ||
| Christchurch City Holdings | CCH030 | AA- | 05 Nov 2026 | 3.01 | 0.9945 | 0.4124 | 3.56 |
| CCH040 | AA- | 06 Apr 2028 | 5.04 | 1.0354 | 0.7185 | 4.00 | |
| NZ Local Govt Funding Agency | LGF120 | AAA | 15 Apr 2026 | 1.50 | 0.9867 | 3.28 | |
| LGF060 | AAA | 15 Apr 2027 | 4.50 | 1.0246 | 0.2747 | 3.44 | |
| LGF150 | AAA | 15 May 2028 | 2.25 | 0.9602 | 0.4246 | 3.72 | |
| LGF110 | AAA | 20 Apr 2029 | 1.50 | 0.9145 | 0.5146 | 3.94 | |
| LGF170 | AAA | 15 May 2030 | 4.50 | 1.0178 | 0.5746 | 4.14 | |
| LGF140 | AAA | 15 May 2031 | 2.25 | 0.8908 | 0.6746 | 4.37 | |
| LGF180 | AAA | 14 May 2032 | 4.50 | 0.9989 | 0.7250 | 4.55 | |
| LGF080 | AAA | 14 Apr 2033 | 3.50 | 0.9254 | 0.7833 | 4.71 | |
| LGF160 | AAA | 15 May 2035 | 3.00 | 0.8499 | 0.8328 | 4.94 | |
| LGF130 | AAA | 15 Apr 2037 | 2.00 | 0.7232 | 4.9382 | 5.18 | |
| Corporate Bonds | |||||||
|---|---|---|---|---|---|---|---|
| Issuer | Code | Rating | Maturity | Coupon | Price | Spread Swap | Yield to Maturity |
| Air NZ | AIR030 | Baa1 | 27 Apr 2028 | 6.61 | 1.0607 | 1.2910 | 4.58 |
| ANZ Bank NZ | ANB180 | AA- | 16 Feb 2028 | 5.22 | 1.0495 | 0.5962 | 3.86 |
| ANB190 | AA- | 20 Feb 2030 | 4.63 | 1.0258 | 0.7845 | 4.32 | |
| Argosy Property | ARG010 | NR | 27 Mar 2026 | 4.00 | 1.0023 | 4.59 | |
| ARG020 | NR | 29 Oct 2026 | 2.90 | 0.9763 | 1.6931 | 4.84 | |
| ARG030 | NR | 27 Oct 2027 | 2.20 | 0.9348 | 1.9660 | 5.19 | |
| Arvida | ARV010 | NR | 22 Feb 2028 | 2.87 | 0.9193 | 2.8741 | 6.14 |
| ASB Bank | ABB090 | AA- | 04 May 2026 | 1.65 | 0.9854 | 3.39 | |
| ABB110 | AA- | 16 Nov 2026 | 5.93 | 1.0372 | 0.3112 | 3.46 | |
| ABB100 | AA- | 21 Jun 2027 | 5.52 | 1.0608 | 0.4915 | 3.67 | |
| Auckland Int. Airport | AIA240 | A- | 17 Nov 2026 | 3.29 | 0.9969 | 0.4510 | 3.60 |
| AIA250 | A- | 09 May 2028 | 5.67 | 1.0479 | 0.7567 | 4.05 | |
| AIA260 | A- | 17 Nov 2028 | 5.29 | 1.0359 | 0.8636 | 4.23 | |
| AIA270 | A- | 02 Nov 2029 | 6.22 | 1.0766 | 0.9237 | 4.42 | |
| AIA280 | A- | 15 Nov 2030 | 5.45 | 1.0569 | 0.6891 | 4.32 | |
| Bank of NZ | BNZ150 | AA- | 08 Jun 2026 | 1.88 | 0.9846 | 0.2588 | 3.39 |
| BNZ160 | AA- | 07 Jun 2027 | 4.99 | 1.0246 | 0.4864 | 3.66 | |
| BNZ170 | AA- | 25 May 2028 | 5.54 | 1.0453 | 0.6411 | 3.94 | |
| BNZ180 | AA- | 01 Sep 2028 | 5.87 | 1.0701 | 0.6932 | 4.03 | |
| BNZ190 | AA- | 19 Nov 2029 | 4.89 | 1.0221 | 0.8777 | 4.38 | |
| Channel Infrastructure | CHI020 | NR | 20 May 2027 | 5.80 | 1.0241 | 1.4409 | 4.61 |
| CHI030 | NR | 14 Nov 2029 | 6.75 | 1.0686 | 1.5995 | 5.10 | |
| Chorus | CNU030 | BBB | 02 Dec 2027 | 1.98 | 0.9515 | 0.7832 | 4.02 |
| CNU020 | BBB | 06 Dec 2028 | 6.38 | 1.0667 | 0.9164 | 4.29 | |
| CNU040 | BBB | 02 Dec 2030 | 2.51 | 0.8917 | 1.1130 | 4.75 | |
| Christchurch Int. Airport | CHC020 | A- | 19 May 2028 | 5.18 | 1.0333 | 0.7432 | 4.04 |
| CHC030 | A- | 15 Apr 2031 | 5.44 | 1.0575 | 0.7653 | 4.45 | |
| Contact Energy | CEN070 | BBB | 11 Apr 2028 | 5.82 | 1.0567 | 0.7267 | 4.01 |
| CEN080 | BBB | 06 Apr 2029 | 5.62 | 1.0579 | 0.7999 | 4.22 | |
| Fonterra Co-operative | FCG050 | A- | 14 Nov 2025 | 4.15 | 1.0049 | 3.46 | |
| FCG060 | A- | 08 Nov 2029 | 4.60 | 1.0163 | 0.7716 | 4.27 | |
| Genesis Energy | GNE060 | BBB+ | 14 Mar 2028 | 4.17 | 1.0126 | 0.7466 | 4.02 |
| GMT Bond Issuer | GMB060 | BBB+ | 14 Apr 2027 | 4.74 | 1.0115 | 1.2648 | 4.43 |
| Investore Property | IPL030 | NR | 25 Feb 2027 | 4.00 | 0.9862 | 1.7201 | 4.88 |
| IPL020 | NR | 31 Aug 2027 | 2.40 | 0.9423 | 1.9263 | 5.13 | |
| Kiwi Property | KPG040 | BBB+ | 12 Nov 2025 | 4.06 | 1.0018 | 4.09 | |
| KPG050 | BBB+ | 19 Jul 2028 | 2.85 | 0.9531 | 1.5201 | 4.84 | |
| KPG060 | BBB+ | 27 Sep 2029 | 6.24 | 1.0606 | 1.4665 | 4.95 | |
| KPG070 | BBB+ | 19 Jun 2030 | 5.35 | 1.0359 | 1.5022 | 5.08 | |
| Kiwibank | KI1027 | A1 | 19 Oct 2027 | 5.74 | 1.0487 | 0.6489 | 3.87 |
| KI1028 | A1 | 19 Oct 2028 | 6.25 | 1.0736 | 0.7748 | 4.13 | |
| KI1229 | A1 | 11 Dec 2029 | 4.75 | 1.0314 | 1.0098 | 4.52 | |
| Manawa Energy | MNW180 | NR | 29 Jul 2026 | 3.35 | 0.9990 | 0.5632 | 3.70 |
| MNW190 | NR | 08 Sep 2027 | 5.36 | 1.0254 | 0.9234 | 4.13 | |
| MNW170 | NR | 22 Feb 2029 | 6.56 | 1.0769 | 0.9564 | 4.36 | |
| Mercury NZ | MCY040 | BBB+ | 29 Sep 2026 | 2.16 | 0.9854 | 0.4364 | 3.58 |
| MCY030 | BBB+ | 14 Sep 2027 | 1.56 | 0.9529 | 0.6813 | 3.89 | |
| MCY060 | BBB+ | 19 Jun 2028 | 5.64 | 1.0681 | 0.8216 | 4.13 | |
| Meridian Energy | MEL050 | BBB+ | 27 Jun 2025 | 4.21 | 1.0183 | 3.61 | |
| MEL060 | BBB+ | 20 Sep 2028 | 5.91 | 1.0640 | 0.8459 | 4.19 | |
| MEL070 | BBB+ | 21 Mar 2030 | 5.40 | 1.0503 | 0.9242 | 4.47 | |
| Metlifecare | MET010 | NR | 30 Sep 2026 | 3.00 | 0.9724 | 2.4063 | 5.55 |
| Napier Port Holdings | NPH010 | NR | 23 Mar 2028 | 5.52 | 1.0345 | 1.3234 | 4.60 |
| Oceania Healthcare | OCA010 | NR | 19 Oct 2027 | 2.30 | 0.9105 | 3.2889 | 6.51 |
| OCA020 | NR | 13 Sep 2028 | 3.30 | 0.9167 | 3.0286 | 6.37 | |
| Precinct Properties NZ | PCT030 | NR | 28 May 2027 | 2.85 | 0.9632 | 1.6500 | 4.82 |
| PCT040 | NR | 09 May 2028 | 5.25 | 1.0085 | 1.7567 | 5.05 | |
| Property for Industry | PFI020 | NR | 01 Oct 2025 | 4.25 | 1.0073 | 4.16 | |
| PFI030 | NR | 13 Sep 2030 | 5.43 | 1.0264 | 1.5015 | 5.11 | |
| Ryman Healthcare | RYM010 | NR | 18 Dec 2026 | 2.55 | 0.9665 | 2.0076 | 5.16 |
| SKYCITY Entertainment | SKC050 | BBB- | 21 May 2027 | 3.02 | 0.9515 | 2.5108 | 5.68 |
| Southland Building Society | SBS010 | BBB+ | 18 Mar 2027 | 4.32 | 1.0110 | 1.0278 | 4.19 |
| SBS020 | BBB+ | 07 Mar 2029 | 6.14 | 1.0491 | 1.2715 | 4.68 | |
| SBS030 | BBB+ | 10 Apr 2030 | 4.98 | 1.0108 | 1.3371 | 4.89 | |
| Spark Finance | SPF570 | A- | 07 Sep 2026 | 3.94 | 1.0058 | 0.2688 | 3.41 |
| SPF590 | A- | 18 Sep 2029 | 5.21 | 1.0430 | 0.8998 | 4.38 | |
| SPF600 | A- | 18 Sep 2031 | 5.45 | 1.0540 | 0.9199 | 4.66 | |
| Summerset | SUM020 | NR | 24 Sep 2025 | 4.20 | 1.0081 | 4.09 | |
| SUM030 | NR | 21 Sep 2027 | 2.30 | 0.9541 | 1.3988 | 4.61 | |
| SUM040 | NR | 09 Mar 2029 | 6.59 | 1.0526 | 1.6007 | 5.01 | |
| SUM050 | NR | 08 Mar 2030 | 6.43 | 1.0472 | 1.7288 | 5.27 | |
| Transpower NZ | TRP070 | AA | 04 Sep 2025 | 1.74 | 0.9996 | 3.44 | |
| TRP080 | AA | 08 Apr 2026 | 1.52 | 0.9867 | 3.37 | ||
| TRP090 | AA | 08 Sep 2026 | 2.05 | 0.9877 | 0.2787 | 3.42 | |
| TRP100 | AA | 16 Sep 2027 | 4.63 | 1.0312 | 0.4206 | 3.63 | |
| TP0328 | AA | 15 Mar 2028 | 5.89 | 1.0656 | 0.5863 | 3.86 | |
| Vector | VCT100 | BBB+ | 26 Nov 2027 | 3.69 | 0.9924 | 0.7954 | 4.03 |
| Wellington Int. Airport | WIA050 | BBB | 16 Jun 2025 | 5.00 | 1.0233 | 3.77 | |
| WIA070 | NR | 14 Aug 2026 | 2.50 | 0.9919 | 0.6815 | 3.82 | |
| WIA090 | BBB | 24 Aug 2028 | 5.78 | 1.0571 | 1.0462 | 4.38 | |
| WIA100 | BBB | 04 Sep 2030 | 6.02 | 1.0704 | 1.1947 | 4.80 | |
| Westpac NZ | WP0226 | AA- | 24 Feb 2026 | 1.44 | 0.9900 | 3.36 | |
| WP0227 | AA- | 16 Feb 2027 | 3.70 | 1.0114 | 0.4911 | 3.65 | |
| WP0929 | AA- | 24 Sep 2029 | 4.34 | 1.0072 | 0.8776 | 4.36 | |
| Corporate Callable Bonds | |||||||
|---|---|---|---|---|---|---|---|
| Issuer | Code | Rating | Maturity | Call Date | Coupon | Price | Yield to Maturity |
| ANZ Bank NZ | ANB170 | A | 17 Sep 2031 | 17 Sep 2026 | 3.00 | 0.9818 | 4.95 |
| Heartland Bank | HBL1T2 | BB+ | 28 Apr 2033 | 28 Apr 2028 | 7.51 | 1.0374 | 6.35 |
| Kiwibank | KWB010 | Baa2 | 11 Dec 2030 | 11 Dec 2025 | 2.36 | 0.9907 | 5.15 |
| KWB1T2 | Baa2 | 12 May 2033 | 12 May 2028 | 6.40 | 1.0387 | 5.10 | |
| Southland Building Society | SBS1T2 | BB+ | 22 Aug 2034 | 22 Aug 2029 | 7.62 | 1.0658 | 5.90 |
| Westpac NZ | WNZ1T2 | A | 16 Sep 2032 | 16 Sep 2027 | 6.19 | 1.0406 | 4.90 |
| WNZ2T2 | A | 14 Feb 2034 | 14 Feb 2029 | 6.73 | 1.0620 | 4.98 | |
| Capital Notes / Bonds | |||||||
|---|---|---|---|---|---|---|---|
| Issuer | Code | Rating | Maturity | Coupon | Price | Spread Swap | Yield to Maturity |
| Fletcher Building Industries | FBI200 | NR | 15 Mar 2026 | 2.80 | 0.9693 | 7.65 | |
| FBI210 | NR | 15 Mar 2027 | 4.75 | 0.9613 | 4.5381 | 7.70 | |
| FBI220 | NR | 15 Mar 2028 | 6.50 | 0.9973 | 3.8763 | 7.15 | |
| FBI230 | NR | 15 Mar 2029 | 6.89 | 1.0009 | 3.8884 | 7.30 | |
| Infratil | IFT250 | NR | 15 Jun 2025 | 6.15 | 1.0132 | 5.33 | |
| IFT300 | NR | 15 Mar 2026 | 3.35 | 0.9904 | 5.51 | ||
| IFT280 | NR | 15 Dec 2026 | 3.35 | 0.9750 | 2.3780 | 5.53 | |
| IFT310 | NR | 15 Dec 2027 | 3.60 | 0.9587 | 2.4386 | 5.68 | |
| IFT330 | NR | 31 Jul 2029 | 6.90 | 1.0481 | 2.2872 | 5.75 | |
| IFT270 | NR | 15 Dec 2028 | 6.78 | 1.0451 | 2.4329 | 5.81 | |
| IFT360 | NR | 13 Dec 2030 | 6.00 | 1.0294 | 2.0091 | 5.65 | |
| IFT340 | NR | 15 Mar 2031 | 7.08 | 1.0663 | 2.3464 | 6.02 | |
| IFT350 | NR | 17 Dec 2031 | 7.06 | 1.0615 | 2.4079 | 6.18 | |
| Corporate Bonds - Fixed rate reset | |||||||
|---|---|---|---|---|---|---|---|
| Issuer | Code | Rating | Maturity | Coupon Reset | Coupon | Price | Yield to Maturity |
| Wellington Int. Airport | WIA060 | NR | 01 Apr 2030 | 5.63 | 1.0474 | 4.74 | |
| WIA080 | NR | 24 Sep 2031 | 24 Sep 2026 | 3.32 | 0.9906 | 4.54 | |
| Capital Notes / Bonds - Fixed rate reset | |||||||
|---|---|---|---|---|---|---|---|
| Issuer | Code | Rating | Maturity | Coupon Reset | Coupon | Price | Yield to Maturity |
| Infratil | IFT320 | NR | 15 Jun 2030 | 15 Jun 2026 | 5.93 | 1.0127 | 5.90 |