New Zealand 10-year government bonds, which have a coupon of 4.5%, are yielding 2.895%.
The Auckland-based unit has opened an offer to sell unsecured, unsubordinated fixed rate bonds maturing on September 1, 2022.
The offer will open August 30 and close September 18.
Shoeshine: Strange behaviour by the Reserve Bank.
Kiwibank said that the RBNZ has issued a non-objection letter about the bonds after the lender made changes to address the central bank's concerns.
The 10-year fixed rate bond will be issued under the IFC's global medium-term note program.
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