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11 Jul 2025 19:03
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  •   Home > News > Business

    Bonus Bonds are ending after decades of investments

    Bonus Bonds are ending after decades of investments


    ANZ has announced it won't accept new money into its three-billion dollar scheme, and it's winding up by the end of October.

    ANZ's Ben Kelleher says investors have two choices - they can redeem their Bonds before then, or wait and be entitled to a share of the remaining reserves, after expenses.

    He says they are confident the reserves are sufficient for bondholders to get their money back.

    Kelleher says the low interest rates caused by Covid-19 have affected investment returns, reducing the prize pool.

    © 2025 Newstalk ZB, NZCity

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     Today's News

    Entertainment:
    Yungblud gifted a custom cross to Ozzy Osbourne before Black Sabbath's farewell concert 19:00

    Business:
    A limited number of New World club card accounts have been the target of a cyber attack 18:57

    Rugby:
    A simple game plan for the All Blacks in tomorrow's second test against France 18:37

    Entertainment:
    Sigrid is trying to not take herself "too seriously" 18:30

    International:
    Your child refuses to wear warm clothing in winter. Does it matter? 18:17

    Environment:
    Substantial evacuations are underway in Tasman as the region is smashed yet again by torrential rain 18:07

    Entertainment:
    Jared Harris had his stomach pumped after accidentally drinking paraffin 18:00

    Entertainment:
    Sir Mick Jagger and Sir Elton John rubbed shoulders with royalty at a state banquet thrown by King Charles 17:30

    Golf:
    Plenty of work to do for Kiwi golf great Dame Lydia Ko, heading into the second round of the Evian Championship major in France 17:27

    Entertainment:
    Lena Dunham thinks body shaming in Hollywood is "pretty inevitable" 17:00


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