Kiwi Bonds are fixed interest investments offered by the New Zealand government.
Kiwi Bonds are very low risk because the interest payments and the repayment of your money are guaranteed by the government. This is reflected in Kiwi Bonds' credit rating of AAA, which is the highest possible.
You buy Kiwi Bonds for terms of six months, one year or two years. You can't trade Kiwi Bonds but you can transfer ownership to someone else. Find out more from the NZ Debt Management Office.