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NZ Govt Bond Tender #904; Tender Date 16 May 2024
16th May 24, 2:40pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 904 held on 16 May, 2024.
Tender Date: Thursday, May 16, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 21 May 2024
(1) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| May 16 #904 | Mar 21 #897 | Feb 8 #892 | Dec 7 #887 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 250 | 250 | 275 | 200 |
| Total Amount Allocated ($million) | 250 | 250 | 275 | 200 |
| Total Number of Bids Received | 29 | 25 | 46 | 41 |
| Total Amount of Bids Received ($million) | 615 | 395 | 904 | 728 |
| Total Number of Successful Bids | 15 | 19 | 17 | 9 |
| Highest Yield Accepted (%) | 4.4650 | 4.4050 | 4.6800 | 4.7950 |
| Lowest Yield Accepted (%) | 4.4450 | 4.3675 | 4.6500 | 4.7825 |
| Highest Yield Rejected (%) | 4.5000 | 4.4275 | 4.8150 | 4.9125 |
| Lowest Yield Rejected (%) | 4.4675 | 4.4050 | 4.6800 | 4.7950 |
| Weighted Average Accepted Yield (%) | 4.4559 | 4.3869 | 4.6720 | 4.7875 |
| Weighted Average Rejected Yield (%) | 4.4801 | 4.4197 | 4.6995 | 4.8196 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 14.30 | 32.30 | 42.9 |
| Coverage ratio | 2.46 | 1.58 | 3.28 | 3.64 |
(2) Series Offered : 4.25% 15 May 2034
| May 16 #904 | Apr 28 #901 | Mar 28 #898 | Jan 25 #890 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 250 | 225 | 225 | 175 |
| Total Amount Allocated ($million) | 250 | 225 | 225 | 175 |
| Total Number of Bids Received | 25 | 39 | 35 | 28 |
| Total Amount of Bids Received ($million) | 355 | 935 | 656 | 265 |
| Total Number of Successful Bids | 22 | 11 | 8 | 17 |
| Highest Yield Accepted (%) | 4.5900 | 4.9425 | 4.5800 | 4.7750 |
| Lowest Yield Accepted (%) | 4.5550 | 4.9325 | 4.5700 | 4.7375 |
| Highest Yield Rejected (%) | 4.6200 | 4.9900 | 4.6675 | 4.8175 |
| Lowest Yield Rejected (%) | 4.5900 | 4.9425 | 4.5800 | 4.7750 |
| Weighted Average Accepted Yield (%) | 4.5684 | 4.9369 | 4.5745 | 4.7593 |
| Weighted Average Rejected Yield (%) | 4.5993 | 4.9572 | 4.5994 | 4.7953 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 22.20 | 11.10 | 57.10 | |
| Coverage ratio | 1.42 | 4.16 | 2.92 | 1.51 |
*Individual allotments may vary due to rounding.
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