Bonds
Kāinga Ora’s main subsidiary, Housing New Zealand Limited (HNZL), issues regularly from its NZD bond programme.
All bonds on issue, and expected future issuance, are classified as Wellbeing Bonds under Kāinga Ora’s Sustainability Financing Framework [PDF, 1.7 MB].
The majority of issuance to date has been via syndication, with monthly tenders scheduled from December 2020. In addition, we are open to reverse enquiry from permitted wholesale investors for longer-dated bond issuances.
Nominal bonds on issue as at 2 December 2020
Maturity | Coupon | Amount on issue | Issue date of first tranche |
12 June 2023 | 2.97% | $300 million | 12 June 2018 |
12 June 2025 | 3.36% | $1,175 million | 12 June 2018 |
5 October 2026 | 2.247% | $900 million | 5 April 2019 |
18 October 2028 | 3.42% | $475 million | 18 October 2018 |
24 April 2030 | 2.183% | $500 million | 24 April 2020 |
10 September 2035 | 1.534% | $550 million | 10 September 2020 |
Total on issue | $3,900 million |
- 2 September 2020 - 2035 maturity [PDF, 333 KB]
- 17 April 2020 - 2025 and 2030 maturities [PDF, 350 KB]
- 5 November 2019 - 2026 maturity [PDF, 675 KB]
- 11 September 2019 - 2025 and 2028 maturities [PDF, 730 KB]
- 28 March 2019 - 2026 maturity [PDF, 744 KB]
- 12 October 2018 - 2023 and 2028 maturities [PDF, 703 KB]
- 1 June 2018 - 2023 and 2025 maturities [PDF, 623 KB]
Inflation-indexed bonds on issue as at 2 December 2020
Maturity | Coupon | Amount on issue | Issue date of first tranche |
20 September 2040 | 2.50% | $300 million | 1 May 2020 |
Total on issue | $300 million |
Tender procedures
Competitive tender procedures [PDF, 530 KB]
Bond tender schedule from 1 January to 30 June 2021
Download the excel version Bond tender schedule [XLSX, 18 KB]
Announcement | Tender | Settlement | Volume ($m) |
18/01/2021 | 20/01/2021 | 26/01/2021 | 100 |
15/02/2021 | 17/02/2021 | 22/02/2021 | 100 |
29/03/2021 | 31/03/2021 | 07/04/2021 | 100 |
23/04/2021 | 28/04/2021 | 03/05/2021 | 100 |
17/05/2021 | 19/05/2021 | 24/05/2021 | 100 |
21/06/2021 | 23/06/2021 | 28/06/2021 | 100 |
Bonds - Tender history results [XLSX, 3.1 MB]
Additional information
Notes offered to investors are unsecured and unsubordinated, subject to negative pledge provisions, expected to be repo-eligible with RBNZ and offered to domestic and offshore (in certain jurisdictions) institutional investors. In addition, the Approved Issuer Levy is paid by HNZL.
All Notes have a wholesale listing on the NZX Debt Market(external link).
Detailed information on these programmes is available in the Information Memorandum and Note Deed Poll , as well as terms sheets related to issuance by syndication.
Page updated: 8 January 2021