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NZ Govt Bond Tender #897; Tender Date 21 Mar 2024
21st Mar 24, 2:45pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 897 held on Mar 21, 2024.
Tender Date: Thursday, Mar 21, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 26 Mar 2024
(1) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Mar 21 #897 | Feb 8 #892 | Dec 7 #887 | Sep 14 #875 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 250 | 275 | 200 | 200 |
| Total Amount Allocated ($million) | 250 | 275 | 200 | 200 |
| Total Number of Bids Received | 25 | 46 | 41 | 43 |
| Total Amount of Bids Received ($million) | 395 | 904 | 728 | 630 |
| Total Number of Successful Bids | 19 | 17 | 9 | 9 |
| Highest Yield Accepted (%) | 4.4050 | 4.6800 | 4.7950 | 4.9525 |
| Lowest Yield Accepted (%) | 4.3675 | 4.6500 | 4.7825 | 4.9400 |
| Highest Yield Rejected (%) | 4.4275 | 4.8150 | 4.9125 | 5.0375 |
| Lowest Yield Rejected (%) | 4.4050 | 4.6800 | 4.7950 | 4.9525 |
| Weighted Average Accepted Yield (%) | 4.3869 | 4.6720 | 4.7875 | 4.9459 |
| Weighted Average Rejected Yield (%) | 4.4197 | 4.6995 | 4.8196 | 4.9776 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 14.30 | 32.30 | 42.9 | 46.90 |
| Coverage ratio | 1.58 | 3.28 | 3.64 | 3.15 |
(2) Series Offered : 3.50% 14 Apr 2033
| Mar 21 #897 | Feb 8 #892 | Feb 1 #891 | Dec 14 #889 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 250 | 150 | 175 | 175 |
| Total Amount Allocated ($million) | 250 | 150 | 175 | 175 |
| Total Number of Bids Received | 32 | 40 | 25 | 30 |
| Total Amount of Bids Received ($million) | 525 | 424 | 231 | 239 |
| Total Number of Successful Bids | 21 | 23 | 14 | 27 |
| Highest Yield Accepted (%) | 4.5100 | 4.7550 | 4.5425 | 4.6775 |
| Lowest Yield Accepted (%) | 4.4850 | 4.7150 | 4.4875 | 4.6400 |
| Highest Yield Rejected (%) | 4.5425 | 4.8050 | 4.5775 | 4.7000 |
| Lowest Yield Rejected (%) | 4.5100 | 4.7550 | 4.5475 | 4.6775 |
| Weighted Average Accepted Yield (%) | 4.4996 | 4.7454 | 4.5127 | 4.6595 |
| Weighted Average Rejected Yield (%) | 4.5321 | 4.7717 | 4.5593 | 4.6867 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 64.70 | |||
| Coverage ratio | 2.10 | 2.82 | 1.32 | 1.37 |
*Individual allotments may vary due to rounding.
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