Bonds :: Kāinga Ora – Homes and Communities

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

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.

Disclaimer

The information on this webpage is issued by Kāinga Ora - Homes and Communties for informational purposes. To the extent that this webpage refers to an offer of securities, no offer is made to anyone accessing this webpage outside of New Zealand and otherwise than in compliance with any applicable securities laws or regulations. To the extent that this webpage refers to any offer of securities to any person in New Zealand, such offer will be made to only wholesale investors and in accordance with the Financial Markets Conduct Act 2013 (FMCA).

Users accessing this webpage acknowledge and accept that they will comply with any applicable securities laws or regulations (including, without limitation, the FMCA).