RNS Number:0973J
NBNZ International Ld
24 March 2003

Pricing Supplement

Issuer:                              NBNZ International Limited
Series Number:                       27
Description:
Currency/ Principal Amount:          Hong Kong Dollars ("HKD")
Issue Price:                         100.00 per cent
Specified Denomination               HKD1,000,000
Issue Date:                          21 March 2003
Maturity Date:                       21 September 2004
ISIN:                                XS0165462242

     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
25 The North Colonnade Canary Wharf
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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