RNS Number:2900L
NBNZ International Ld
19 May 2003

Pricing Supplement

Issuer:                           NBNZ International Limited
Series Number                     29
Description:                      Issue of USD 27,020,000 Callable Step-Up Notes 
                                  Due 20 May 2008
Currency/ Principal Amount:       United States Dollars ("USD")
Issue Price:                      100.00 per cent.
Specified Denomination            USD 10,000 per Note
Issue Date:                       20 May 2003
Maturity Date:                    20 May 2008
ISIN:                             XS0167713097

     A copy of the above document has been submitted to the UK Listing Authority
      and will shortly be available for inspection at the UK Listing Authority's
                                Document Viewing Facility, which is situated at:

Financial Services Authority
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London
E14 5HS

Tel. no. (0)20 7676 1000

(Documents will normally be available for inspection within six normal
business hours of this notice being given).


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