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 31 December 2023

Additional documents

Euro Commercial Paper (ECP)

Offshore

Short

US$2,000m

Registered Certificates of Deposit (RCDs)

NZ

Short

N/A

NZ$456m

Residential Mortgage Backed Securities (RMBS)

NZ

Short

NZ$4,250m

Covered Bond - Sep 2025

Offshore

Long

NZ$3,000m

A$500m

Investor reports

Australian Medium Term Notes (Kangaroo)

Australia

Long

A$1,500m

A$473m

Debt Investor Update March 2024

Domestic Medium Term Notes

NZ

Long

NZ$3,000m

NZ$1,955m

Note Deed Poll dated 30 Aug 2019

MTN LDD dated 15 Sep 2023

Subordinated Notes

NZ

Long

Stand alone

NZ$475m

Subordinated Notes Deed Poll dated 22 Sep 2021

Subordinated Notes Deed Poll dated 26 April 2023

Perpetual Preference Shares

NZ

Perpetual

Stand alone

NZ$250m

Product Disclosure Statement dated 8 Oct 2021