Bonds
The main subsidiary of Kāinga Ora, 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 the Kāinga Ora Sustainability Financing Framework [PDF, 1.2 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 1 August 2022
Maturity |
Coupon |
Amount on issue |
Issue date of first tranche |
---|---|---|---|
12-Jun-23 |
2.97% |
$300 million |
12-Jun-18 |
12-Jun-25 |
3.36% |
$1,775 million |
12-Jun-18 |
5-Oct-26 |
2.247% |
$1,240 million |
5-Apr-19 |
15-Oct-27 |
4.422% |
$850 million |
6-May-22 |
18-Oct-28 |
3.42% |
$1,375 million |
18-Oct-18 |
24-Apr-30 |
2.183% |
$1,150 million |
24-Apr-20 |
10-Sep-35 |
1.534% |
$650 million |
10-Sep-20 |
Total on issue |
$7,340 million |
- 28 April 2022 - 2027 maturity [PDF, 292 KB]
- 16 February 2022 - 2030 maturity [PDF, 308 KB]
- 20 April 2021 - 2028 maturity [PDF, 567 KB]
- 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 1 August 2022
Maturity |
Coupon |
Amount on issue |
Issue date of first tranche |
---|---|---|---|
20-Sep-40 |
2.50% |
$300 million |
1-May-20 |
Total on issue |
$300 million |
Tender procedures
Bond tender schedule from 1 July to 31 December 2022
Download the excel version Bond tender schedule [XLSX, 18 KB]
No. |
Announcement |
Tender |
Settlement |
---|---|---|---|
17 |
18-Jul-22 |
20-Jul-22 |
25-Jul-22 |
18 |
22-Aug-22 |
24-Aug-22 |
29-Aug-22 |
19 |
19-Sep-22 |
21-Sep-22 |
26-Sep-22 |
20 |
17-Oct-22 |
19-Oct-22 |
25-Oct-22 |
21 |
14-Nov-22 |
16-Nov-22 |
21-Nov-22 |
22 |
05-Dec-22 |
07-Dec-22 |
12-Dec-22 |
Bonds - Tender history results [XLSX, 21 KB]
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: 1 August 2022