Bonds in New Zealand Government, Corporate & More

Invest in tradeable debt securities that provide steady income and potential capital gains. From ultra-safe government bonds to higher-yielding corporate bonds.

What are Bonds?

A bond is essentially an IOU. When you buy a bond, you're lending money to the issuer (government or company) in exchange for regular interest payments and the return of your principal at maturity.

Unlike term deposits, bonds can be traded on the secondary market, giving you liquidity before maturity. However, bond prices fluctuate with interest rate changes and credit conditions.

In New Zealand, you can invest in government bonds (considered risk-free), corporate bonds from major companies, and international bonds through various platforms.

Bond Basics

Face Value: Amount repaid at maturity
Coupon: Regular interest payments
Maturity: When principal is repaid
Yield: Annual return to maturity

Example Bond Yields

Indicative yields from various NZ bond issuers

Issuer Maturity Yield Rating
New Zealand Government New Zealand Government
2029 4.20% AA+
Genesis Energy Genesis Energy
2026 5.85% BBB+
Auckland Airport Auckland Airport
2027 5.20% A-
Meridian Energy Meridian Energy
2030 5.95% BBB+

Ready to Explore Bond Investing?

Start with government bonds for safety, or explore corporate bonds for higher yields. Compare with other fixed income options to find your ideal mix.