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NZ Govt Bond Tender #911; Tender Date 11 Jul 2024
11th Jul 24, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 911 held on 11 Jul, 2024.
Tender Date: Thursday, 11 Jul, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 16 Jul 2024
(1) Series Offered : 3.00% 20 Apr 2029
| 11 Jul #911 | 13 Jun #907 | May 23 #905 | Apr 24 #901 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 225 | 250 | 250 | 275 |
| Total Amount Allocated ($million) | 225 | 250 | 250 | 275 |
| Total Number of Bids Received | 46 | 27 | 27 | 21 |
| Total Amount of Bids Received ($million) | 711 | 400 | 471 | 540 |
| Total Number of Successful Bids | 17 | 19 | 8 | 8 |
| Highest Yield Accepted (%) | 4.3300 | 4.5125 | 4.5600 | 4.7375 |
| Lowest Yield Accepted (%) | 4.3125 | 4.4900 | 4.5550 | 4.7225 |
| Highest Yield Rejected (%) | 4.4350 | 4.5725 | 4.5975 | 4.8000 |
| Lowest Yield Rejected (%) | 4.3300 | 4.5125 | 4.5600 | 4.7375 |
| Weighted Average Accepted Yield (%) | 4.3231 | 4.5019 | 4.5590 | 4.7313 |
| Weighted Average Rejected Yield (%) | 4.3540 | 4.5337 | 4.5766 | 4.7584 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 28.60 | 58.30 | 88.60 | 47.80 |
| Coverage ratio | 3.16 | 1.60 | 1.88 | 1.96 |
(2) Series Offered : 4.25% 15 May 2034
| 11 Jul #911 | Jun 20 #908 | May 31 #906 | May 16 #904 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 225 | 200 | 175 | 250 |
| Total Amount Allocated ($million) | 225 | 200 | 175 | 250 |
| Total Number of Bids Received | 49 | 26 | 29 | 25 |
| Total Amount of Bids Received ($million) | 694 | 371 | 455 | 355 |
| Total Number of Successful Bids | 16 | 15 | 2 | 22 |
| Highest Yield Accepted (%) | 4.5875 | 4.5700 | 4.8075 | 4.5900 |
| Lowest Yield Accepted (%) | 4.5750 | 4.5550 | 4.8075 | 4.5550 |
| Highest Yield Rejected (%) | 4.7225 | 4.6600 | 4.9125 | 4.6200 |
| Lowest Yield Rejected (%) | 4.5875 | 4.5700 | 4.8075 | 4.5900 |
| Weighted Average Accepted Yield (%) | 4.5811 | 4.5624 | 4.8075 | 4.5684 |
| Weighted Average Rejected Yield (%) | 4.6152 | 4.5935 | 4.8383 | 4.5993 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 52.90 | 82.90 | 87.50 | 22.20 |
| Coverage ratio | 3.08 | 1.86 | 2.60 | 1.42 |
(3) Series Offered : 2.75% 15 Apr 2037
| 11 Jul #911 | Jun 27 #909 | 13 Jun #907 | May 31 #906 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 30 | 21 | 19 | 14 |
| Total Amount of Bids Received ($million) | 238 | 160 | 160 | 152 |
| Total Number of Successful Bids | 8 | 5 | 5 | 4 |
| Highest Yield Accepted (%) | 4.7600 | 4.8300 | 4.8175 | 4.9400 |
| Lowest Yield Accepted (%) | 4.7450 | 4.8225 | 4.7975 | 4.9300 |
| Highest Yield Rejected (%) | 4.8500 | 4.8650 | 4.8650 | 4.9775 |
| Lowest Yield Rejected (%) | 4.7600 | 4.8300 | 4.8175 | 4.9400 |
| Weighted Average Accepted Yield (%) | 4.7545 | 4.8268 | 4.8118 | 4.9342 |
| Weighted Average Rejected Yield (%) | 4.7800 | 4.8428 | 4.8355 | 4.9511 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 12.50 | 50.00 | 57.10 | 28.60 |
| Coverage ratio | 4.76 | 3.20 | 3.20 | 3.04 |
*Individual allotments may vary due to rounding.
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