Kiwi Bond

A kiwi bond is a retail stock offered directly to the public and available only to New Zealand residents. These bonds are the main investment option available to individual investors in New Zealand. Application forms and investment statements are available from the New Zealand Debt Management Office (NZDMO) Registry, as well as some registered banks, NZX firms, NZX brokers, chartered accountant, solicitors, investment advisors and investment brokers. Because they are a government-backed financial instrument that offers a higher level of security, kiwi bonds generally offer an interest rate that is lower than that offered by banks.