Securities trading - New Zealand
Reference
Key market-tradable securities
| Denomination currency | Maturity profile | Interest rate | Interest/Dividend payment frequency | Place of settlement | Form |
| NZX listed securities | |||||
| Government bonds (including inflation-indexed bonds) | |||||
NZD |
| Fixed | Semi-annual or quarterly (inflation indexed bonds) | NZCSD | Dematerialised |
| Corporate listed bonds and notes (including convertible notes) | |||||
NZD | Usually 2 to 10 years the bulk of issues sit between 3 and 7 years. Long‑dated bonds (10‑15 years) are less frequent but do appear from the larger corporations (e.g., infrastructure, utilities) | Usually fixed | Semi-annual or quarterly | NZCSD | Dematerialised |
| Equities and equity products (including NZX listed trust units and fund units) | |||||
| NZD a | - | - | Usually semi-annual | NZCSD | Dematerialised |
| Rights and warrants | |||||
NZD | Various | - | - | NZCSD | Dematerialised |
| Unlisted debt securities | |||||
| Government Treasury bills | |||||
NZD | 1 month to 1 year | Discount | - | NZCSD | Dematerialised |
| Corporate unlisted bonds | |||||
NZD | Short‑term (1–3 years), medium (3–7 years), long (7–12 years), very long (12+ years) rarely. The bulk of unlisted corporate bonds in New Zealand mature between 3 and 7 years. | Usually fixed | Semi-annual or quarterly | NZCSD | Dematerialised |
a. Some foreign company shares are denominated in other currencies.
Trading platforms
NZX provides an exchange platform to access capital and engage investors. NZX offers liquidity across a wide range of attractive markets such as equities, debt, exchange traded funds (ETFs) and equites.
The New Zealand Main Board for equities and funds (NZSX) and New Zealand Debt Market (NZDX) are home to a variety of businesses. They include debt and equity issuers, cooperatives and managed funds.
