Bonds :: Kāinga Ora – Homes and Communities

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
Maturity 12-Jun-23	Coupon 2.97%	Amount on issue $300 million	Issue date of first tranche 12-Jun-18
Maturity 12-Jun-25	Coupon 3.36%	Amount on issue $1,775 million	Issue date of first tranche 12-Jun-18
Maturity 5-Oct-26	Coupon 2.247%	Amount on issue $1,240 million	Issue date of first tranche 5-Apr-19
Maturity 15-Oct-27	Coupon 4.422%	Amount on issue $850 million	Issue date of first tranche 6-May-22
Maturity 18-Oct-28	Coupon 3.42%	Amount on issue $1,375 million	Issue date of first tranche 18-Oct-18
Maturity 24-Apr-30	Coupon 2.183%	Amount on issue $1,150 million	Issue date of first tranche 24-Apr-20
Maturity 10-Sep-35	Coupon 1.534%	Amount on issue $650 million	Issue date of first tranche 10-Sep-20
Maturity Total on issue	Coupon	Amount on issue $7,340 million	Issue date of first tranche

Inflation-indexed bonds on issue as at 1 August 2022

Maturity	Coupon	Amount on issue	Issue date of first tranche
Maturity 20-Sep-40	Coupon 2.50%	Amount on issue $300 million	Issue date of first tranche 1-May-20
Maturity Total on issue	Coupon	Amount on issue $300 million	Issue date of first tranche

Tender procedures

Competitive tender procedures [PDF, 530 KB]

Bond tender schedule from 1 July to 31 December 2022

Download the excel version Bond tender schedule [XLSX, 18 KB]

No.	Announcement	Tender	Settlement
No. 17	Announcement 18-Jul-22	Tender 20-Jul-22	Settlement 25-Jul-22
No. 18	Announcement 22-Aug-22	Tender 24-Aug-22	Settlement 29-Aug-22
No. 19	Announcement 19-Sep-22	Tender 21-Sep-22	Settlement 26-Sep-22
No. 20	Announcement 17-Oct-22	Tender 19-Oct-22	Settlement 25-Oct-22
No. 21	Announcement 14-Nov-22	Tender 16-Nov-22	Settlement 21-Nov-22
No. 22	Announcement 05-Dec-22	Tender 07-Dec-22	Settlement 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.

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).