Kiwi Bonds is a home-grown guide to fixed-income investing for New Zealanders. We track retail corporate bonds from NZX-listed issuers — power companies, infrastructure, retirement living and local councils — plus select Australian issues, and put their rates side by side so the difference is obvious.
Compare fixed-rate bonds with terms from two to twenty years below. All rates are labelled NZD or AUD and are indicative only — confirm the current rate and terms in the issuer's offer documents before you invest.
Our listings do not cover every bond available in New Zealand. Cards marked “Featured” are paid or promoted placements and their position does not indicate that they are better or more suitable for you. Corporate bonds are not bank deposits and are not covered by the Depositor Compensation Scheme.
Grown in Aotearoa — rates for Kiwi investors, in plain language.
Indicative market rates only. Not financial advice. Capital is at risk.
Confirm terms in the issuer's offer documents before investing.
This bond was issued as wholesale with min of $500k. Fractional/retail parcels may be available on the secondary market from $10,000 AUD via a licensed NZ or AUD broker. Confirm terms in the broker's specific offer/custody documents before investing.
Confirm terms in the issuer's offer documents before investing.
Confirm terms in the issuer's offer documents before investing.
Confirm terms in the issuer's offer documents before investing.
Confirm terms in the issuer's offer documents before investing.
Confirm terms in the issuer's offer documents before investing.
Confirm terms in the issuer's offer documents before investing.
Confirm terms in the issuer's offer documents before investing.
Confirm terms in the issuer's offer documents before investing.
Confirm terms in the issuer's offer documents before investing.
Confirm terms in the issuer's offer documents before investing.
Confirm terms in the issuer's offer documents before investing.
Confirm terms in the issuer's offer documents before investing.
Confirm terms in the issuer's offer documents before investing.
Confirm terms in the issuer's offer documents before investing.
Confirm terms in the issuer's offer documents before investing.
Confirm terms in the issuer's offer documents before investing.
All yields displayed are gross p.a. and subject to New Zealand Resident Withholding Tax (RWT) based on your chosen PIR/RWT tax bracket. Coupon Rate is the fixed rate set by the issuer; where live secondary market pricing is shown it is labelled Yield to Maturity (YTM) and will differ from the coupon.
A corporate bond is debt issued by a company or council that pays a fixed rate of interest in NZ dollars for a set term, typically two to seven years.
No. Corporate bonds are not bank deposits and are not covered by the Depositor Compensation Scheme. If the issuer defaults you can lose interest and capital.
Quoted bonds can be sold on the NZX Debt Market on any trading day, but the price you receive depends on market rates at the time and may be less than you paid.
Some of the most competitive rates we track come from Australian issuers — household names like Woolworths, Coles and Wesfarmers — plus “kangaroo bonds”, which are AUD-denominated issues sold in Australia by foreign companies such as Alphabet (Google).
Cards marked AUD above carry currency risk for New Zealand investors: your returns move with the NZD/AUD exchange rate. Wholesale issues may be accessible in smaller parcels through a licensed NZ or Australian broker on the secondary market.
Currency values and secondary-market prices change daily. Confirm current rates, fees and eligibility with a licensed broker and in the issuer's offer documents before investing.
