Debt and capital funding programmes

We have a range of funding programmes and capital instruments which enable the bank to access funding and capital from a variety of domestic and overseas markets in addition to our strong retail funding base.

Kiwibank debt and capital programmes

Programmes

Market

Term

Size

As at 30 June 2025

Additional documents

Euro Commercial Paper (ECP)

Offshore

Short

US$2,000m

US$420m

Registered Certificates of Deposit (RCDs)

NZ

Short

N/A

NZ$170m

Residential Mortgage Backed Securities (RMBS)

NZ

Short

NZ$4,250m

Covered Bonds

Offshore

Long

NZ$5,000m

NZ$1,157m

Investor reports

Australian Medium Term Notes (Kangaroo)

Australia

Long

A$3,000m

A$978m

Domestic Medium Term Notes

NZ

Long

NZ$3,000m

NZ$2,555m

Note Deed Poll dated 30 Aug 2019

MTN LDD dated 7 Oct 2024

Subordinated Notes

NZ

Long

Stand alone

NZ$475m

Subordinated Notes Deed Poll dated 22 Sep 2021

Subordinated Notes Deed Poll dated 26 April 2023

Additional documents

Perpetual Preference Shares

NZ

Perpetual

Stand alone

NZ$525m

Additional documents