BNZIF is Bank of New Zealand’s (BNZ) offshore funding subsidiary.

BNZIF issues debt securities outside of the NZ domestic market as part of BNZ’s offshore wholesale funding programme.

These debt securities include:

  • United States Commercial Paper (USCP)
  • European Commercial Paper (ECP)
  • Global Medium Term Notes (GMTN)
  • Covered Bonds

All debt raised by BNZIF is guaranteed by BNZ.