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NZ Govt Bond Tender #909; Tender Date 27 Jun 2024
27th Jun 24, 2:45pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 909 held on 27 Jun, 2024.
Tender Date: Thursday, 27 May, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 3 Jul 2024
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| Jun 27 #909 | May 9 #903 | May 2 #902 | Apr 18 #900 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 250 | 250 | 250 | 275 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 275 |
| Total Number of Bids Received | 24 | 30 | 27 | 28 |
| Total Amount of Bids Received ($million) | 318 | 465 | 635 | 695 |
| Total Number of Successful Bids | 19 | 12 | 6 | 11 |
| Highest Yield Accepted (%) | 4.5500 | 4.6000 | 4.7050 | 4.7325 |
| Lowest Yield Accepted (%) | 4.5250 | 4.5800 | 4.6950 | 4.7200 |
| Highest Yield Rejected (%) | 4.5750 | 4.6650 | 4.7525 | 4.7925 |
| Lowest Yield Rejected (%) | 4.5500 | 4.6050 | 4.7050 | 4.7325 |
| Weighted Average Accepted Yield (%) | 4.5365 | 4.5944 | 4.7031 | 4.7271 |
| Weighted Average Rejected Yield (%) | 4.5612 | 4.6264 | 4.7200 | 4.7451 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 13.30 | 100.00 | 63.00 | 70.60 |
| Coverage ratio | 1.27 | 1.86 | 2.54 | 2.53 |
(2) Series Offered : 3.50% 14 Apr 2033
| Jun 27 #909 | May 2 #902 | Mar 21 #897 | Feb 8 #892 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 200 | 250 | 250 | 150 |
| Total Amount Allocated ($million) | 200 | 250 | 250 | 150 |
| Total Number of Bids Received | 23 | 39 | 32 | 40 |
| Total Amount of Bids Received ($million) | 260 | 743 | 525 | 424 |
| Total Number of Successful Bids | 19 | 16 | 21 | 23 |
| Highest Yield Accepted (%) | 4.6600 | 4.8350 | 4.5100 | 4.7550 |
| Lowest Yield Accepted (%) | 4.6375 | 4.8150 | 4.4850 | 4.7150 |
| Highest Yield Rejected (%) | 4.6900 | 4.8775 | 4.5425 | 4.8050 |
| Lowest Yield Rejected (%) | 4.6600 | 4.8350 | 4.5100 | 4.7550 |
| Weighted Average Accepted Yield (%) | 4.6478 | 4.8258 | 4.4996 | 4.7454 |
| Weighted Average Rejected Yield (%) | 4.6767 | 4.8464 | 4.5321 | 4.7717 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 66.70 | 27.80 | 64.70 | |
| Coverage ratio | 1.30 | 2.97 | 2.10 | 2.82 |
(3) Series Offered : 2.75% 15 Apr 2037
| Jun 27 #909 | 13 Jun #907 | May 31 #906 | Feb 8 #892 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 75 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 75 |
| Total Number of Bids Received | 21 | 19 | 14 | 30 |
| Total Amount of Bids Received ($million) | 160 | 160 | 152 | 165 |
| Total Number of Successful Bids | 5 | 5 | 4 | 18 |
| Highest Yield Accepted (%) | 4.8300 | 4.8175 | 4.9400 | 4.9575 |
| Lowest Yield Accepted (%) | 4.8225 | 4.7975 | 4.9300 | 4.9375 |
| Highest Yield Rejected (%) | 4.8650 | 4.8650 | 4.9775 | 5.0075 |
| Lowest Yield Rejected (%) | 4.8300 | 4.8175 | 4.9400 | 4.9575 |
| Weighted Average Accepted Yield (%) | 4.8268 | 4.8118 | 4.9342 | 4.9499 |
| Weighted Average Rejected Yield (%) | 4.8428 | 4.8355 | 4.9511 | 4.9743 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50.00 | 57.10 | 28.60 | 28.60 |
| Coverage ratio | 3.20 | 3.20 | 3.04 | 2.20 |
*Individual allotments may vary due to rounding.
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