Making money out of debts

Kiwis have shown some strong preferences in looking for income. We have about $60 billion invested in fixed-interest term deposits, $12b in unlisted finance company debenture stocks and billions in investment property.

But many income investors have not heard of the NZDX listed security market, which is the country's stock market for corporate debt.

It contains some of the nation's biggest names in business - Fonterra, Fletcher Building, ANZ National Bank, Origin, Powerco, Auckland International Airport and Electricity Corp - as well as being the place where investors buy and sell New Zealand government stock, also known as Kiwi bonds.

More than $8.5b in debt securities is issued by the government and the 43 companies represented on NZDX.

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