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