Days of Bonus Bonds draw to a close

Investors in Bonus Bonds can expect more money than they put in, but they may have to wait a year or more for their windfall.

The wind-up of the Bonus Bonds scheme began on Saturday night and investors still holding them without applying for a redemption will be unable to cash them in.

The ANZ, which oversees the scheme, said that so far over 200,000 redemptions had been processed and $2.3 billion paid out to bond holders since August 25, when the bonds stopped being sold.

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