Kiwibank Limited, founded in 2002 and headquartered in Wellington, New Zealand, is a wholly-owned subsidiary of the New Zealand Post Group, designed to provide banking services primarily for New Zealanders. The bank offers a range of financial products including personal and business banking solutions, home loans, and various savings and investment accounts.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| KIWI 2.16% 2027-10-19 NZDKiwibank Limited | New Zealand | 2027-10-19 | 2.155 | 3.43 |
| KIWI 6.25% 2028-10-19 NZDKiwibank Limited | New Zealand | 2028-10-19 | 6.254 | 3.70 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Kiwibank commenced its bond issuance program in 2009, focusing on raising capital for lending and investment activities while providing retail investors with opportunities for fixed-income investment. One notable issuance occurred in 2017, which saw a successful $150 million bond offering that attracted considerable interest due to its competitive yield of 3.25%, aligning well with market trends. Currently, Kiwibank's bonds are regarded favorably for their relatively stable yields, which are often compared to larger banks in the industry, illustrating the bank's solid backing and commitment to enhancing its funding profile amid evolving market conditions.