Surety Bonds

Unlock your capital. Fortify your business. Secure your growth.

Credeq Surety Bonds give businesses the freedom to grow — releasing capital, diversifying funding, and delivering with certainty. We understand your world, and we move at the speed your business needs.

  • Market-leading performance guarantees
  • Backed by Swiss Re International (AA- rated), giving clients the same certainty as major-bank strength – without the red tape
  • Delivered with Credeq speed and certainty

A guarantee of greater understanding

Credeq takes the time to understand your business, your cycle, and your ambitions.

That’s why leading contractors and miners across Australia and New Zealand choose us
— not just for the facility, but for a partner who backs their business with certainty.

How Surety Bonds work

A Surety Bond is not insurance – it is a guarantee that stands behind your performance
— giving beneficiaries the security they need without draining your working capital.

Unlike traditional alternatives like bank guarantees and cash retentions, it doesn’t typically require cash or assets to be locked away, freeing your balance sheet while still delivering the protection your counterparties expect.

Credeq manages ~$6bn in surety facilities, with limits ranging from $2m to $400m+. Our bonds are issued by Swiss Re International (AA-rated), giving clients the same strength as major-bank strength
— without the red tape.

Who we back

Credeq partners with high-performing Australian & New Zealand businesses in:

Construction, engineering & service providers

Multinational corporations, regional and national contractors, or local contractors spanning a range of industries and sectors.

Mining & resources

Rehabilitation and environmental guarantees for producers of every scale, from Tier 1 to junior miners.

The Credeq advantage

Bank guarantees and cash retentions tie up capital that could be working harder for your business. Credeq Surety Bonds free that capital, improving liquidity and resilience, and potentially funding growth. And when the market shifts, we stand with you — because deep understanding drives stronger underwriting.

Unlock your working capital
Let your assets work for you rather than being tied up as collateral.
Long-term backing
Underwriters who understand your sector, your cycle, and your business.
Market-leading service
Surety Online Portal for same-day drafts, same-day bonds, and full facility management, plus direct access to decision-makers.
AA-rated bonds
Swiss Re global strength, delivered with local Credeq expertise.
Commercial partnership
Measured, considered, and built to support you through every phase of the cycle.
End-to-end certainty
Assessment, structuring, and issuance managed entirely in-house by Credeq specialists.

How it works

With the Credeq team, you’re supported at every step — steady, commercial, and committed.

Initial assessment — we review your financials, capability, and requirements.
Indicative terms — clear outline of facility limits, pricing, and structure.
Underwriting — thorough, transparent, and fast.
Activation & issuance — once facility is approved, bonds can be drafted and issued the same day.

Strength
behind you

For more than 17 years, Credeq has served as Swiss Re’s exclusive Surety managing agent in Australia and New Zealand. That partnership puts AA-rated strength behind every bond — trusted by beneficiaries and built to support your business with global credibility.

Trusted by businesses like yours

"The Surety Bonds team has proven to be a reliable and professional partner in the construction industry. Their expertise in the field of surety bonds and their commitment to customer satisfaction have made them our go-to choice for our bonding needs. Throughout our engagement with the them, they have consistently demonstrated a deep understanding of the unique requirements and challenges faced by our company. Their team of experts worked closely with us to assess our needs accurately, providing tailored solutions that aligned perfectly with our project requirements. They exceeded our expectations with their professional approach, expertise, and outstanding customer service. Their ability to tailor solutions to our specific needs, coupled with their efficiency and reliability, sets them apart from other surety bond providers. We highly recommend them to any construction company seeking reliable and comprehensive bonding services."
- Brett Halvorson, CFO, United Civil Construction Ltd – New Zealand
"The Surety Bonds team have provided Civmec with bonding capacity for a number of years. We appreciate their continued support, accessibility to senior management and industry knowledge. We look forward to maintaining a strong relationship with them."
- Kevin Deery, Chief Operating Officer, Civmec
"For the past 7+ years, surety bonds have played a key part of enabling and supporting the strategy for our growing business. Over this time, the team have consistently been highly responsive and knowledgeable, tailoring solutions based on a deep understanding of the unique complexities of our business as well as the industries we operate in. We can confidently recommend them to any business seeking a trusted surety bond partner who truly takes the time to understand their unique needs, and then consistently delivers time and again."
- Kunjan Ganatra, Chief Operating and Financial Officer, McNab
"NRW has worked with the Surety Bonds team for over 10 years. They know our industry; they know our clients and understand our business. Leveraging their support we have been able to grow our business whilst preserving bank credit lines to fund our expansion. Andrew and the entire Surety Bonds team invest the time to understand our projects and as a result, can respond quickly to each of our requests and provide valuable advice on wording and terms. We regard them as a trusted business partner for the long term."
- Richard Simons, CFO, NRW Holdings
"The Surety Bonds team has been part of the Multiplex surety program since 2009 and continues to be a valuable partner to our business."
- Eamonn Morris, Finance Director, Multiplex – Global
"The Surety Bonds team have taken the time to understand our business and also have a good understanding of the NZ markets we work in. Their approach and products offer us great support and flexibility. I have found them very professional, responsive and great to deal with."
- Ben Lawlor, CEO, CB Civil – New Zealand
"I wish to express my utmost satisfaction with the surety bond services provided. As a business in the construction industry, we understand the importance of having a reliable surety bond provider and the team has consistently exceeded our expectations. Their team’s professionalism and expertise have been invaluable to our operations. Their prompt turnaround time for new bonds and communication ensures we are always informed of the progress. I highly recommend them. Their professionalism, expertise, and personalised attention make them the ideal surety bond provider."
- Ben Baker, CFO, Shadforth's Civil
"We have worked with the Surety team for nearly 15 years. Their products allow us to successfully grow our business by not having funds tied up in bank guarantees. The team works with us to maximise the limit that can be provided. This ensures we can confidently tender for contracts knowing we will be able to meet our contractual requirements. We are constantly impressed with the turnaround times, pricing, accuracy of documentation and their willingness to work with us and our clients."
- Blake Jaenke, CFO, Wormall Civil
"Leighs Construction has been working with the Surety team as a bond provider for several years and we find your service excellent. Our clients are increasingly willing to use Swiss Re-backed bonds, that have the same S&P rating as the trading Banks. This gives us good flexibility in our bonding programme. Bonds are always sent out promptly, often turned around in a day and arriving overnight from Sydney. Overall, we enjoy and value our relationship with the entire team."
- David Jarman, Group CFO, Leighs Constructions NZ
"It has two big benefits. One, better use of capital as assets are not tied up. Two, based on our modelling and apart from small bonds for short periods, it is more cost effective. So, a better use of capital and it saves money. Also, we have a better relationship with the team than we do with the bank. The bank does not invest the same amount of time to understand the dynamics of the business. The surety Relationship Manager (RM) is interested in the business and always reads and understands the information we send them. The bank RM hardly reads the information we send them."
- Craig Mills, CFO, JK Williams Civil Construction
"‘The key benefit is that the bonds are unsecured. A bank guarantee is secured dollar for dollar by cash or a general security agreement which is not efficient as capital is tied up. If we relied on the bank it would struggle to provide the capacity, we need as our bank Relationship Manager and Credit Manager are not as knowledgeable of the construction industry."
- Gareth Adams, CFO, ADCO Constructions

FAQs

  • What’s required to qualify?

    +

    We back established, well-managed businesses with strong financials, solid capability, and a track record of delivery.

  • Who issues the bond?

    +

    Credeq handles the underwriting, drafting, and administration. The bond itself is issued on Swiss Re’s AA-rated paper.

  • How fast can bonds be issued?

    +

    For approved facilities, drafts and final bonds can be issued on the same day.

  • Is a Surety Bond an insurance product?

    +

    No. It’s a security instrument, not an insurance policy. Claims are paid on demand, without the assessment process typical of insurance.

  • What’s the difference between a Surety Bond and a Bank Guarantee?

    +

    A Surety Bond is equivalent to a Bank Guarantee in all material respects. It offers the same security to the Beneficiary but is issued by an insurer, not a bank.

Credeq

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