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NZ Govt Bond Tender #907; Tender Date 13 Jun 2024
13th Jun 24, 2:45pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 907 held on 13 Jun, 2024.
Tender Date: Thursday, 13 Jun, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 18 Jun 2024
(1) Series Offered : 3.00% 20 Apr 2029
| 13 Jun #907 | May 23 #905 | Apr 24 #901 | Apr 11 #899 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 250 | 250 | 275 | 275 |
| Total Amount Allocated ($million) | 250 | 250 | 275 | 275 |
| Total Number of Bids Received | 27 | 27 | 21 | 29 |
| Total Amount of Bids Received ($million) | 400 | 471 | 540 | 489 |
| Total Number of Successful Bids | 19 | 8 | 8 | 22 |
| Highest Yield Accepted (%) | 4.5125 | 4.5600 | 4.7375 | 4.6250 |
| Lowest Yield Accepted (%) | 4.4900 | 4.5550 | 4.7225 | 4.5875 |
| Highest Yield Rejected (%) | 4.5725 | 4.5975 | 4.8000 | 4.6500 |
| Lowest Yield Rejected (%) | 4.5125 | 4.5600 | 4.7375 | 4.6250 |
| Weighted Average Accepted Yield (%) | 4.5019 | 4.5590 | 4.7313 | 4.6031 |
| Weighted Average Rejected Yield (%) | 4.5337 | 4.5766 | 4.7584 | 4.6382 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 58.30 | 88.60 | 47.80 | 28.60 |
| Coverage ratio | 1.60 | 1.88 | 1.96 | 1.7782 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| 13 Jun #907 | May 23 #905 | May 9 #903 | Apr 18 #900 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 200 | 175 | 225 | 175 |
| Total Amount Allocated ($million) | 200 | 175 | 225 | 175 |
| Total Number of Bids Received | 27 | 20 | 34 | 34 |
| Total Amount of Bids Received ($million) | 415 | 227 | 482 | 607 |
| Total Number of Successful Bids | 16 | 16 | 13 | 11 |
| Highest Yield Accepted (%) | 4.6125 | 4.7000 | 4.6725 | 4.8250 |
| Lowest Yield Accepted (%) | 4.5775 | 4.6600 | 4.6550 | 4.8150 |
| Highest Yield Rejected (%) | 4.6675 | 4.7125 | 4.7400 | 4.8950 |
| Lowest Yield Rejected (%) | 4.6150 | 4.7000 | 4.6725 | 4.8250 |
| Weighted Average Accepted Yield (%) | 4.5993 | 4.6748 | 4.6611 | 4.8196 |
| Weighted Average Rejected Yield (%) | 4.6423 | 4.7078 | 4.6922 | 4.8360 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 50.00 | 25.00 | 40.00 |
| Coverage ratio | 2.07 | 1.29 | 2.14 | 3.47 |
(3) Series Offered : 2.75% 15 Apr 2037
| 13 Jun #907 | May 31 #906 | Feb 8 #892 | Jan 25 #890 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 50 | 50 | 75 | 75 |
| Total Amount Allocated ($million) | 50 | 50 | 75 | 75 |
| Total Number of Bids Received | 19 | 14 | 30 | 36 |
| Total Amount of Bids Received ($million) | 160 | 152 | 165 | 253 |
| Total Number of Successful Bids | 5 | 4 | 18 | 13 |
| Highest Yield Accepted (%) | 4.8175 | 4.9400 | 4.9575 | 4.9325 |
| Lowest Yield Accepted (%) | 4.7975 | 4.9300 | 4.9375 | 4.9100 |
| Highest Yield Rejected (%) | 4.8650 | 4.9775 | 5.0075 | 4.9925 |
| Lowest Yield Rejected (%) | 4.8175 | 4.9400 | 4.9575 | 4.9325 |
| Weighted Average Accepted Yield (%) | 4.8118 | 4.9342 | 4.9499 | 4.9223 |
| Weighted Average Rejected Yield (%) | 4.8355 | 4.9511 | 4.9743 | 4.9482 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 57.10 | 28.60 | 28.60 | 45.20 |
| Coverage ratio | 3.20 | 3.04 | 2.20 | 3.37 |
*Individual allotments may vary due to rounding.
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