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NZ Govt Bond Tender #899; Tender Date 11 Apr 2024
11th Apr 24, 2:46pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 899 held on Apr 11, 2024.
Tender Date: Thursday, Apr 11, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 16 Apr 2024
(1) Series Offered : 3.00% 20 Apr 2029
| Apr 11 #899 | Mar 28 #898 | Nov 23 #885 | Nov 16 #884 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 275 | 275 | 225 | 200 |
| Total Amount Allocated ($million) | 275 | 275 | 225 | 200 |
| Total Number of Bids Received | 29 | 31 | 43 | 55 |
| Total Amount of Bids Received ($million) | 489 | 619 | 544 | 1199 |
| Total Number of Successful Bids | 22 | 13 | 13 | 9 |
| Highest Yield Accepted (%) | 4.6250 | 4.3650 | 4.8150 | 4.8475 |
| Lowest Yield Accepted (%) | 4.5875 | 4.3525 | 4.7925 | 4.8375 |
| Highest Yield Rejected (%) | 4.6500 | 4.4425 | 4.8750 | 4.9000 |
| Lowest Yield Rejected (%) | 4.6250 | 4.3650 | 4.8150 | 4.8475 |
| Weighted Average Accepted Yield (%) | 4.6031 | 4.3580 | 4.8086 | 4.8439 |
| Weighted Average Rejected Yield (%) | 4.6382 | 4.3793 | 4.8346 | 4.8600 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 28.6 | 10.30 | 73.90 | 41.90 |
| Coverage ratio | 1.7782 | 2.25 | 2.42 | 5.99 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Apr 11 #899 | Mar 14- #896 | Mar 7 #895 | Nov 24 #886 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 175 | 225 | 150 | 250 |
| Total Amount Allocated ($million) | 175 | 225 | 150 | 250 |
| Total Number of Bids Received | 34 | 31 | 27 | 63 |
| Total Amount of Bids Received ($million) | 557 | 684 | 577 | 666 |
| Total Number of Successful Bids | 10 | 9 | 6 | 19 |
| Highest Yield Accepted (%) | 4.7250 | 4.5650 | 4.5525 | 4.8375 |
| Lowest Yield Accepted (%) | 4.7175 | 4.5525 | 4.5450 | 4.8250 |
| Highest Yield Rejected (%) | 4.7725 | 4.5900 | 4.6075 | 4.9425 |
| Lowest Yield Rejected (%) | 4.7250 | 4.5650 | 4.5550 | 4.8375 |
| Weighted Average Accepted Yield (%) | 4.7220 | 4.5606 | 4.5494 | 4.8306 |
| Weighted Average Rejected Yield (%) | 4.7408 | 4.5752 | 4.5655 | 4.8628 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 33.3 | 76.70 | 100.00 | 51.40 |
| Coverage ratio | 3.1829 | 3.04 | 3.84 | 2.66 |
(3) Series Offered : 2.75% 15 May 2051
| Apr 11 #899 | Feb 15 #893 | Feb 1 #891 | Dec 14 #888 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 50 | 75 | 75 | 75 |
| Total Amount Allocated ($million) | 50 | 75 | 75 | 75 |
| Total Number of Bids Received | 20 | 28 | 33 | 26 |
| Total Amount of Bids Received ($million) | 131 | 271 | 141 | 155 |
| Total Number of Successful Bids | 8 | 7 | 10 | 17 |
| Highest Yield Accepted (%) | 5.0475 | 5.0800 | 4.8275 | 4.8450 |
| Lowest Yield Accepted (%) | 5.0275 | 5.0675 | 4.8025 | 4.8000 |
| Highest Yield Rejected (%) | 5.0800 | 5.1600 | 4.8775 | 4.9450 |
| Lowest Yield Rejected (%) | 5.0475 | 5.0800 | 4.8275 | 4.8450 |
| Weighted Average Accepted Yield (%) | 5.0400 | 5.0750 | 4.8099 | 4.8240 |
| Weighted Average Rejected Yield (%) | 5.0576 | 5.1005 | 4.8444 | 4.8725 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 66.7 | 25 | ||
| Coverage ratio | 2.62 | 3.61 | 1.88 | 2.01 |
*Individual allotments may vary due to rounding.
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