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NZ Govt Bond Tender #914; Tender Date 1 Aug 2024
1st Aug 24, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 914 held on 1 Aug, 2024.
Tender Date: Thursday, 1 Aug, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 6 Aug 2024
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| Aug 1 #914 | Jun 27 #909 | May 9 #903 | May 2 #902 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 300 | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 300 | 250 | 250 | 250 |
| Total Number of Bids Received | 46 | 24 | 30 | 27 |
| Total Amount of Bids Received ($million) | 715 | 318 | 465 | 635 |
| Total Number of Successful Bids | 19 | 19 | 12 | 6 |
| Highest Yield Accepted (%) | 4.0225 | 4.5500 | 4.6000 | 4.7050 |
| Lowest Yield Accepted (%) | 4.0075 | 4.5250 | 4.5800 | 4.6950 |
| Highest Yield Rejected (%) | 4.0775 | 4.5750 | 4.6650 | 4.7525 |
| Lowest Yield Rejected (%) | 4.0225 | 4.5500 | 4.6050 | 4.7050 |
| Weighted Average Accepted Yield (%) | 4.0164 | 4.5365 | 4.5944 | 4.7031 |
| Weighted Average Rejected Yield (%) | 4.0423 | 4.5612 | 4.6264 | 4.7200 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50.00 | 13.30 | 100.00 | 63.00 |
| Coverage ratio | 2.38 | 1.27 | 1.86 | 2.54 |
(2) Series Offered : 4.25% 15 May 2034
| Aug 1 #914 | 18 Jul #912 | 11 Jul #911 | Jun 20 #908 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 150 | 225 | 225 | 200 |
| Total Amount Allocated ($million) | 150 | 225 | 225 | 200 |
| Total Number of Bids Received | 43 | 62 | 49 | 26 |
| Total Amount of Bids Received ($million) | 482 | 564 | 694 | 371 |
| Total Number of Successful Bids | 9 | 30 | 16 | 15 |
| Highest Yield Accepted (%) | 4.2850 | 4.3750 | 4.5875 | 4.5700 |
| Lowest Yield Accepted (%) | 4.2750 | 4.3575 | 4.5750 | 4.5550 |
| Highest Yield Rejected (%) | 4.3650 | 4.4450 | 4.7225 | 4.6600 |
| Lowest Yield Rejected (%) | 4.2875 | 4.3750 | 4.5875 | 4.5700 |
| Weighted Average Accepted Yield (%) | 4.2821 | 4.3671 | 4.5811 | 4.5624 |
| Weighted Average Rejected Yield (%) | 4.3124 | 4.3997 | 4.6152 | 4.5935 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 47.60 | 52.90 | 82.90 |
| Coverage ratio | 3.21 | 2.51 | 3.08 | 1.86 |
(3) Series Offered : 2.75% 15 Apr 2037
| Aug 1 #914 | 18 Jul #912 | 11 Jul #911 | Jun 27 #909 | |
| 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 | 31 | 27 | 30 | 21 |
| Total Amount of Bids Received ($million) | 315 | 158 | 238 | 160 |
| Total Number of Successful Bids | 2 | 7 | 8 | 5 |
| Highest Yield Accepted (%) | 4.4850 | 4.5450 | 4.7600 | 4.8300 |
| Lowest Yield Accepted (%) | 4.4850 | 4.5350 | 4.7450 | 4.8225 |
| Highest Yield Rejected (%) | 4.5650 | 4.6200 | 4.8500 | 4.8650 |
| Lowest Yield Rejected (%) | 4.4850 | 4.5475 | 4.7600 | 4.8300 |
| Weighted Average Accepted Yield (%) | 4.4850 | 4.5398 | 4.7545 | 4.8268 |
| Weighted Average Rejected Yield (%) | 4.5065 | 4.5766 | 4.7800 | 4.8428 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 62.50 | 100.00 | 12.50 | 50.00 |
| Coverage ratio | 6.32 | 3.16 | 4.76 | 3.20 |
*Individual allotments may vary due to rounding.
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