NZX Bond Indices Launch

New Zealand Exchange Limited (NZX) is pleased to announce that it will take over the calculation of the CSFB New Zealand Government Bond and Bank Bill Indices and the CSFB New Zealand Corporate Bond Indices from today, 1 June 2004. These indices will be known as the NZX New Zealand Government Bond and Bank Bill Indices and the NZX New Zealand Corporate Bond Indices.

The Government Bond and Bank Bill indices have been calculated since 1985 and the Corporate Bond Indices since 1994. They are the definitive benchmarks for New Zealand’s fixed income market.

“In re-launching the new NZX Bond Indices, NZX consulted with a broad group of financial market participants in order to ensure the indices accurately reflect the New Zealand debt market in its entirety,” said Guy Fisher, NZX Indices Manager. “Our goal is to provide the market with the most complete and accurate debt information available.”

Andrew Michl of ING (NZ) Ltd is pleased with the handover. “We feel confident that NZX will provide a comprehensive range of fixed interest indices against which institutional clients can effectively benchmark their portfolios.”

All index levels will be posted on our web site (www.nzx.com) on a daily basis and will be available via the usual NZX Data providers.

For further information on the NZX Bond Indices or the calculations, please contact Guy Fisher at guy.fisher@nzx.com.