Bonds
/ news
NZ Govt Bond Tender #906; Tender Date 31 May 2024
31st May 24, 2:50pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 906 held on 31 May, 2024.
Tender Date: Thursday, May 31, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 6 Jun 2024
(1) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| May 31 #906 | May 16 #904 | Mar 21 #897 | Feb 8 #892 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 275 | 250 | 250 | 275 |
| Total Amount Allocated ($million) | 275 | 250 | 250 | 275 |
| Total Number of Bids Received | 24 | 29 | 25 | 46 |
| Total Amount of Bids Received ($million) | 675 | 615 | 395 | 904 |
| Total Number of Successful Bids | 1 | 15 | 19 | 17 |
| Highest Yield Accepted (%) | 4.6725 | 4.4650 | 4.4050 | 4.6800 |
| Lowest Yield Accepted (%) | 4.6725 | 4.4450 | 4.3675 | 4.6500 |
| Highest Yield Rejected (%) | 4.7525 | 4.5000 | 4.4275 | 4.8150 |
| Lowest Yield Rejected (%) | 4.6875 | 4.4675 | 4.4050 | 4.6800 |
| Weighted Average Accepted Yield (%) | 4.6725 | 4.4559 | 4.3869 | 4.6720 |
| Weighted Average Rejected Yield (%) | 4.7099 | 4.4801 | 4.4197 | 4.6995 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 100.00 | 14.30 | 32.30 |
| Coverage ratio | 2.45 | 2.46 | 1.58 | 3.28 |
(2) Series Offered : 4.25% 15 May 2034
| May 31 #906 | May 16 #904 | Apr 28 #901 | Mar 28 #898 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 175 | 250 | 225 | 225 |
| Total Amount Allocated ($million) | 175 | 250 | 225 | 225 |
| Total Number of Bids Received | 29 | 25 | 39 | 35 |
| Total Amount of Bids Received ($million) | 455 | 355 | 935 | 656 |
| Total Number of Successful Bids | 2 | 22 | 11 | 8 |
| Highest Yield Accepted (%) | 4.8075 | 4.5900 | 4.9425 | 4.5800 |
| Lowest Yield Accepted (%) | 4.8075 | 4.5550 | 4.9325 | 4.5700 |
| Highest Yield Rejected (%) | 4.9125 | 4.6200 | 4.9900 | 4.6675 |
| Lowest Yield Rejected (%) | 4.8075 | 4.5900 | 4.9425 | 4.5800 |
| Weighted Average Accepted Yield (%) | 4.8075 | 4.5684 | 4.9369 | 4.5745 |
| Weighted Average Rejected Yield (%) | 4.8383 | 4.5993 | 4.9572 | 4.5994 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 87.50 | 22.20 | 11.10 | 57.10 |
| Coverage ratio | 2.60 | 1.42 | 4.16 | 2.92 |
(3) Series Offered : 2.75% 15 Apr 2037
| May 31 #906 | Feb 8 #892 | Jan 25 #890 | Jan 18 #889 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 50 | 75 | 75 | 50 |
| Total Amount Allocated ($million) | 50 | 75 | 75 | 50 |
| Total Number of Bids Received | 14 | 30 | 36 | 28 |
| Total Amount of Bids Received ($million) | 152 | 165 | 253 | 158 |
| Total Number of Successful Bids | 4 | 18 | 13 | 6 |
| Highest Yield Accepted (%) | 4.9400 | 4.9575 | 4.9325 | 4.8700 |
| Lowest Yield Accepted (%) | 4.9300 | 4.9375 | 4.9100 | 4.8550 |
| Highest Yield Rejected (%) | 4.9775 | 5.0075 | 4.9925 | 4.9375 |
| Lowest Yield Rejected (%) | 4.9400 | 4.9575 | 4.9325 | 4.8700 |
| Weighted Average Accepted Yield (%) | 4.9342 | 4.9499 | 4.9223 | 4.8628 |
| Weighted Average Rejected Yield (%) | 4.9511 | 4.9743 | 4.9482 | 4.8907 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 28.60 | 28.60 | 45.20 | 43.20 |
| Coverage ratio | 3.04 | 2.20 | 3.37 | 3.16 |
*Individual allotments may vary due to rounding.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.