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NZ Govt Bond Tender #901; Tender Date 24 Apr 2024
24th Apr 24, 2:50pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 901 held on Apr 24, 2024.
Tender Date: Thursday, Apr 24, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 30 Apr 2024
(1) Series Offered : 3.00% 20 Apr 2029
| Apr 24 #901 | Apr 11 #899 | Mar 28 #898 | Nov 23 #885 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 275 | 275 | 275 | 225 |
| Total Amount Allocated ($million) | 275 | 275 | 275 | 225 |
| Total Number of Bids Received | 21 | 29 | 31 | 43 |
| Total Amount of Bids Received ($million) | 540 | 489 | 619 | 544 |
| Total Number of Successful Bids | 8 | 22 | 13 | 13 |
| Highest Yield Accepted (%) | 4.7375 | 4.6250 | 4.3650 | 4.8150 |
| Lowest Yield Accepted (%) | 4.7225 | 4.5875 | 4.3525 | 4.7925 |
| Highest Yield Rejected (%) | 4.8000 | 4.6500 | 4.4425 | 4.8750 |
| Lowest Yield Rejected (%) | 4.7375 | 4.6250 | 4.3650 | 4.8150 |
| Weighted Average Accepted Yield (%) | 4.7313 | 4.6031 | 4.3580 | 4.8086 |
| Weighted Average Rejected Yield (%) | 4.7584 | 4.6382 | 4.3793 | 4.8346 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 47.80 | 28.60 | 10.30 | 73.90 |
| Coverage ratio | 1.96 | 1.7782 | 2.25 | 2.42 |
(2) Series Offered : 4.25% 15 May 2034
| Apr 28 #901 | Mar 28 #898 | Jan 25 #890 | Nov 2 #882 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 225 | 225 | 175 | 175 |
| Total Amount Allocated ($million) | 225 | 225 | 175 | 175 |
| Total Number of Bids Received | 39 | 35 | 28 | 52 |
| Total Amount of Bids Received ($million) | 935 | 656 | 265 | 693 |
| Total Number of Successful Bids | 11 | 8 | 17 | 5 |
| Highest Yield Accepted (%) | 4.9425 | 4.5800 | 4.7750 | 5.3500 |
| Lowest Yield Accepted (%) | 4.9325 | 4.5700 | 4.7375 | 5.3450 |
| Highest Yield Rejected (%) | 4.9900 | 4.6675 | 4.8175 | 5.4975 |
| Lowest Yield Rejected (%) | 4.9425 | 4.5800 | 4.7750 | 5.3500 |
| Weighted Average Accepted Yield (%) | 4.9369 | 4.5745 | 4.7593 | 5.3481 |
| Weighted Average Rejected Yield (%) | 4.9572 | 4.5994 | 4.7953 | 5.3751 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 11.10 | 57.10 | 53.70 | |
| Coverage ratio | 4.16 | 2.92 | 1.51 | 3.96 |
*Individual allotments may vary due to rounding.
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