Cash And Fixed Interest

• Budgeting
• Insurance
• Debt Reduction
• Savings
• Before You Invest
• Investments
  • Asset Classes
  • Cash And Fixed Interest
  • Residential Property
  • Shares
  • Kiwisaver
  • Unit Trusts
  • Super Funds
  • Small Business
  • Other Investments
• Retirement Planning
• Estate Planning

Calculators

• KiwiSaver Account Calculator for Employees
• Residential Property Investment Calculator

Useful Resources

• KiwiSaver Tools and Information
• Follow the Secrets to Wealth
• Get the newsletter direct to your inbox each month
• Independent life insurance information

• Cash investments
• Term deposits
• Kiwi bonds
• Debentures
• Corporate and government bonds
• Information and resources on cash and fixed interest investments

Kiwi bonds

"Because the Crown is the issuer of Kiwi Bonds and uses the proceeds of Kiwi Bonds for its general purposes, there are no particular investment risks that are relevant. The only risk you have of not recovering the money you pay for Kiwi Bonds or receiving interest payments is that the Crown could default on its obligations under Kiwi Bonds. This is a most unlikely event. The Crown has never defaulted on its debt. Reflecting the Crown�s creditworthiness, Kiwi Bonds are rated AAA by Standard and Poor�s Ratings Group. Moody�s Investors Service does not rate this type of retail debt. However, Moody�s rates the Government�s wholesale domestic currency debt as Aaa."

Reflecting the reduced risk the interest rate will be slightly lower than other fixed interest investments. No transaction fee is charged to the investor on these investments. They are either purchased from the Reserve Bank directly, or through an intermediary (such as an investment adviser), in which case the intermediary is paid a commission.

The latest rates are available through the NZ Debt Management Office.

Registrar Contact Details for Kiwi Bonds:

If you are an individual investor and would like to invest in Kiwi Bonds, please contact Computer Share, New Zealand Debt Management's approved agent and registrar for Kiwi Bonds.

The Manager, Fixed Interest Registry

Computershare Investor Services Limited

Level 2, 159 Hurstmere Road

Takapuna

Private Bag 92119

AUCKLAND 1020

Tel: +64 9 488 8777

Free phone in New Zealand: (0800) 655 494

Email: nzdm@computershare.co.nz