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NZ Govt Bond Tender #908; Tender Date 20 Jun 2024
20th Jun 24, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 908 held on 20 Jun, 2024.
Tender Date: Thursday, Jun 20, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 25 Jun 2024
(1) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Jun 20 #908 | May 31 #906 | May 16 #904 | Mar 21 #897 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 250 | 275 | 250 | 250 |
| Total Amount Allocated ($million) | 250 | 275 | 250 | 250 |
| Total Number of Bids Received | 25 | 24 | 29 | 25 |
| Total Amount of Bids Received ($million) | 311 | 675 | 615 | 395 |
| Total Number of Successful Bids | 20 | 1 | 15 | 19 |
| Highest Yield Accepted (%) | 4.4775 | 4.6725 | 4.4650 | 4.4050 |
| Lowest Yield Accepted (%) | 4.4375 | 4.6725 | 4.4450 | 4.3675 |
| Highest Yield Rejected (%) | 4.5350 | 4.7525 | 4.5000 | 4.4275 |
| Lowest Yield Rejected (%) | 4.4775 | 4.6875 | 4.4675 | 4.4050 |
| Weighted Average Accepted Yield (%) | 4.4576 | 4.6725 | 4.4559 | 4.3869 |
| Weighted Average Rejected Yield (%) | 4.4986 | 4.7099 | 4.4801 | 4.4197 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50.00 | 100.00 | 100.00 | 14.30 |
| Coverage ratio | 1.24 | 2.45 | 2.46 | 1.58 |
(2) Series Offered : 4.25% 15 May 2034
| Jun 20 #908 | May 31 #906 | May 16 #904 | Apr 28 #901 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 200 | 175 | 250 | 225 |
| Total Amount Allocated ($million) | 200 | 175 | 250 | 225 |
| Total Number of Bids Received | 26 | 29 | 25 | 39 |
| Total Amount of Bids Received ($million) | 371 | 455 | 355 | 935 |
| Total Number of Successful Bids | 15 | 2 | 22 | 11 |
| Highest Yield Accepted (%) | 4.5700 | 4.8075 | 4.5900 | 4.9425 |
| Lowest Yield Accepted (%) | 4.5550 | 4.8075 | 4.5550 | 4.9325 |
| Highest Yield Rejected (%) | 4.6600 | 4.9125 | 4.6200 | 4.9900 |
| Lowest Yield Rejected (%) | 4.5700 | 4.8075 | 4.5900 | 4.9425 |
| Weighted Average Accepted Yield (%) | 4.5624 | 4.8075 | 4.5684 | 4.9369 |
| Weighted Average Rejected Yield (%) | 4.5935 | 4.8383 | 4.5993 | 4.9572 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 82.90 | 87.50 | 22.20 | 11.10 |
| Coverage ratio | 1.86 | 2.60 | 1.42 | 4.16 |
(3) Series Offered : 5.00% 15 May 2054
| Jun 20 #908 | |
| Series Offered : 5.00% 15 Apr 2054 | |
| Total Amount Offered ($million) | 50 |
| Total Amount Allocated ($million) | 50 |
| Total Number of Bids Received | 20 |
| Total Amount of Bids Received ($million) | 75 |
| Total Number of Successful Bids | 15 |
| Highest Yield Accepted (%) | 4.9400 |
| Lowest Yield Accepted (%) | 4.9050 |
| Highest Yield Rejected (%) | 4.9850 |
| Lowest Yield Rejected (%) | 4.9400 |
| Weighted Average Accepted Yield (%) | 4.9292 |
| Weighted Average Rejected Yield (%) | 4.9512 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 59.10 |
| Coverage ratio | 1.50 |
*Individual allotments may vary due to rounding.
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