Kiwibank said it had been informed by the Reserve Bank of New Zealand that the RBNZ confirmed its March 2017 preliminary view that, as from this week, two capital instruments issued by Kiwibank no longer qualify as regulatory capital. The two hybrids are Kiwibank's NZ$100 million Tier 2 convertible subordinated bond issued on 6 June 2014 and Kiwibank's NZ$150 million Additional Tier 1 perpetual bond issued on 27 May 2015.Kiwibank said the Tier 2 bond and the AT1 bond are the related bonds for, respectively, Capital Notes and Perpetual Capital Notes issued by Kiwi Capital Funding Limited.Kiwibank said it would not be calling seeking early repayment of the two securities.The RBNZ ruling is not material to the capital position of the bank, given Kiwibank's shareholders (NZ Post, ACC and NZ Super Fund) "pre-emptively injected, through Kiwi Group Holdings Limited (KGHL), NZ$247 million of common equity into Kiwibank on 10 April 2017 to ensure the capital position of the bank would be maintained despite the actions taken by the RBNZ."Kiwibank said the RBNZ "had previously provided Kiwibank with letters of 'non-objection' in relation to the Kiwibank Bonds. However, it has concluded that Kiwibank, as issuer of the Kiwibank Bonds, had levels of control or significant influence over KCFL which it now views as inconsistent with the securities qualifying as regulatory capital."