Territory Bonds
A government bond is an amount of money lent to the government by an investor. It is also called a security.
An investor gets a fixed rate of interest over a set period of time.
Territory Bonds are a type of bond issued by the Northern Territory Treasury Corporation (NTTC) and guaranteed by the Northern Territory Government.
Money raised from Territory Bonds funds infrastructure and services for the Northern Territory.
Who can invest
You can invest in Territory Bonds if you are:
- an individual
- a group of up to four people
- a company or incorporated body
- an unincorporated association or partnership
- friendly societies, trade unions or any other association incorporated under the laws of any state, territory or the Commonwealth.
You must use your own name without referencing the trusteeship if you are any of the following:
- executor
- administrator
- trustee
- manager of unincorporated superannuation funds.
Only the registered holder of the bonds is recognised as the legal owner.
How much you can invest
You can invest a minimum of $5,000 in Territory Bonds. You can invest above this amount in multiples of $100.
There are different investment terms ranging from one to five years.
You must get prior approval from the NTTC for applications of $100,000 or more.
Interest rates
Territory Bonds Issue 109 is open from 1 July to 30 November 2020. The current rates effective from 1 October 2020 and maturity dates are below.
| Maturity Date | Interest paid quarterly | Interest paid half-yearly | Interest paid yearly |
|---|---|---|---|
| 15 December 2021 | 0.45% | 0.50% | 0.60% |
| 15 December 2022 | 0.55% | 0.60% | 0.70% |
| 15 December 2023 | 0.65% | 0.70% | 0.80% |
| 15 December 2024 | 0.75% | 0.80% | 0.90% |
| 15 December 2025 | 0.85% | 0.90% | 1.00% |
How to apply
To invest in Territory Bonds, follow these steps:
Step 1. Fill in the application - this can be found in the prospectus.
Step 2. Attach any supporting documents.
Step 3. Attach a cheque and make it payable to the Northern Territory Treasury Corporation.
Step 3. Submit your application to:
Link Market Services
Locked Bag A14
Sydney South NSW 1235
You will receive a Certificate of Inscription within three weeks of submitting your application.
To find out more, get the Territory Bonds prospectus PDF (771.1 KB).
How to redeem your bonds
You can redeem your bonds through either an Australian stockbroker or through Link Market Services.
For more information, go to the Link Market Services website.
How to sell or transfer your bonds
To sell or transfer your bonds, follow these steps:
Step 1. Fill in one of these forms:
- if you want to sell your bonds:
Territory Bonds: sale form
- if you want to transfer your bonds:
Territory Bonds: transfer form PDF (270.2 KB)
Step 2. Attach any supporting documents.
Step 3. Submit your form by mail to Link Market Services.
Change your details
To change your details, follow these steps:
Step 1. Fill in the Territory Bonds: change of details form PDF (674.9 KB).
Step 2. Fill in the form and attach any supporting documents.
Step 3. Submit your form by mail to Link Market Services.
Further information
For more information, contact Territory Bonds by calling 08 8999 7745 or freecall 1800 111 441.
Last updated: 01 October 2020
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