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NZ Govt Bond Tender #895; Tender Date 7 Mar 2024
7th Mar 24, 2:50pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 895 held on Mar 7, 2024.
Tender Date: Thursday, Mar 7, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 12 Mar 2024
(1) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| Mar 7 #895 | Feb 15 #893 | Jan 25 #890 | Dec 7 #887 | |
| Series Offered : 4.50% 15 Apr 2027 | ||||
| Total Amount offered ($million) | 300 | 275 | 250 | 250 |
| Total Amount Allocated ($million) | 300 | 275 | 250 | 250 |
| Total Number of bids Received | 26 | 31 | 33 | 28 |
| Total Amount of bids Received ($million) | 507 | 1,046 | 448 | 352 |
| Total Number of Successful bids | 17 | 7 | 18 | 23 |
| Highest Yield Accepted (%) | 4.5575 | 4.8025 | 4.5175 | 4.8200 |
| Lowest Yield Accepted (%) | 4.5325 | 4.7975 | 4.4800 | 4.7550 |
| Highest Yield Rejected (%) | 4.5875 | 4.8925 | 4.5575 | 4.8750 |
| Lowest Yield Rejected (%) | 4.5575 | 4.8025 | 4.5175 | 4.8200 |
| Weighted Average Accepted Yield (%) | 4.5426 | 4.7996 | 4.4992 | 4.7862 |
| Weighted Average Rejected Yield (%) | 4.5724 | 4.8147 | 4.5362 | 4.8421 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 72.00 | 48.90 | ||
| Coverage ratio | 1.69 | 3.80 | 1.79 | 1.41 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Mar 7 #895 | Nov 24 #886 | Nov 16 #884 | Nov 9 #883 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 150 | 250 | 200 | 225 |
| Total Amount Allocated ($million) | 150 | 250 | 200 | 225 |
| Total Number of Bids Received | 27 | 63 | 48 | 50 |
| Total Amount of Bids Received ($million) | 577 | 666 | 641 | 767 |
| Total Number of Successful Bids | 6 | 19 | 11 | 217 |
| Highest Yield Accepted (%) | 4.5525 | 4.8375 | 4.9775 | 4.9850 |
| Lowest Yield Accepted (%) | 4.5450 | 4.8250 | 4.9600 | 4.9700 |
| Highest Yield Rejected (%) | 4.6075 | 4.9425 | 5.0200 | 5.1200 |
| Lowest Yield Rejected (%) | 4.5550 | 4.8375 | 4.9775 | 4.9850 |
| Weighted Average Accepted Yield (%) | 4.5494 | 4.8306 | 4.9681 | 4.9758 |
| Weighted Average Rejected Yield (%) | 4.5655 | 4.8628 | 4.9906 | 5.0175 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 51.40 | 83.30 | 13.30 |
| Coverage ratio | 3.84 | 2.66 | 3.21 | 3.40 |
(3) Series Offered : 1.75% 15 May 2041
| Mar 7 #895 | Feb 29- #894 | Oct 20- #880 | Oct 5- #878 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 50 | 50 | 200 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 200 | 50 |
| Total Number of Bids Received | 18 | 19 | 42 | 23 |
| Total Amount of Bids Received ($million) | 155 | 135 | 738 | 167 |
| Total Number of Successful Bids | 6 | 7 | 3 | 3 |
| Highest Yield Accepted (%) | 4.8425 | 4.9650 | 5.4400 | 5.7475 |
| Lowest Yield Accepted (%) | 4.8275 | 4.9525 | 5.4325 | 5.7450 |
| Highest Yield Rejected (%) | 4.9000 | 5.0300 | 5.5475 | 5.8200 |
| Lowest Yield Rejected (%) | 4.8475 | 4.9650 | 5.4400 | 5.7475 |
| Weighted Average Accepted Yield (%) | 4.8348 | 4.9569 | 5.4381 | 5.7462 |
| Weighted Average Rejected Yield (%) | 4.8696 | 4.9931 | 5.4655 | 5.7654 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 5.90 | 88.20 | 50.00 |
| Coverage ratio | 3.10 | 2.70 | 3.69 | 3.34 |
*Individual allotments may vary due to rounding.
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