The Bonus Bonds Trust
Bonus Bonds commenced in 1970 and has operated in the form of a unit trust since 1990.
When you purchase Bonus Bonds, your money is collected together with the money from all other bondholders and held in Trust, independent of any other schemes or deposits. Called the Bonus Bonds Trust, the Trust is supervised by Trustee Executors Limited, an independent corporate trustee.
On behalf of all bondholders, Trustee Executors takes care that the Bonus Bonds Trust is managed in accordance with the Bonus Bonds Trust Deed.
The income earned from investing all bondholders' funds is placed in a prize pool and paid out as tax-free cash prizes in each monthly prize draw. Prizes are allocated amongst bondholders by random prize draw.
The Manager of the Bonus Bonds Trust is ANZ Investment Services (New Zealand) Limited. ANZ Investment Services is responsible for provision of investment management and bondholder administration services.
To generate the prize money, Bonus Bonds Trust funds are primarily invested in low-risk debt securities specifically from issuers that are rated 'A' or better for credit default risk by Standard & Poor's - issuers such as the Government, selected local authorities, New Zealand registered banks and selected corporates.
The Bonus Bonds Trust is assigned a fund credit rating from Standard & Poor's, a leading worldwide provider of independent credit ratings. Full details of the current fund credit rating is available here and within the registered Prospectus.
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