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NZ Govt Bond Tender #915; Tender Date 8 Aug 2024
8th Aug 24, 2:40pm
by
The New Zealand Debt Management Office (NZDMO) has announced the results of NZ Govt Bond tender number 915 held on 8 Aug 2024.
Tender Date: Thursday, 8 Aug 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 13 Jul 2024
(1) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Aug 8 #915 | Jul 4 #910 | Jun 20 #908 | May 31 #906 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 275 | 225 | 250 | 275 |
| Total Amount Allocated ($million) | 275 | 225 | 250 | 275 |
| Total Number of Bids Received | 36 | 22 | 25 | 24 |
| Total Amount of Bids Received ($million) | 485 | 242 | 311 | 675 |
| Total Number of Successful Bids | 24 | 21 | 20 | 1 |
| Highest Yield Accepted (%) | 4.1425 | 4.6000 | 4.4775 | 4.6725 |
| Lowest Yield Accepted (%) | 4.1000 | 4.5500 | 4.4375 | 4.6725 |
| Highest Yield Rejected (%) | 4.2325 | 4.6200 | 4.5350 | 4.7525 |
| Lowest Yield Rejected (%) | 4.1425 | 4.6000 | 4.4775 | 4.6875 |
| Weighted Average Accepted Yield (%) | 4.1213 | 4.5786 | 4.4576 | 4.6725 |
| Weighted Average Rejected Yield (%) | 4.1798 | 4.6118 | 4.4986 | 4.7099 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 87.50 | 72.00 | 50.00 | 100.00 |
| Coverage ratio | 1.76 | 1.07 | 1.24 | 2.45 |
(2) Series Offered : 4.50% 15 May 2035
| Aug 8 #915 | 25 Jul #913 | |
| Series Offered : 4.50% 15 May 2035 | ||
| Total Amount Offered ($million) | 175 | 200 |
| Total Amount Allocated ($million) | 175 | 200 |
| Total Number of Bids Received | 33 | 48 |
| Total Amount of Bids Received ($million) | 326 | 433 |
| Total Number of Successful Bids | 21 | 22 |
| Highest Yield Accepted (%) | 4.3825 | 4.4925 |
| Lowest Yield Accepted (%) | 4.3550 | 4.4675 |
| Highest Yield Rejected (%) | 4.4375 | 4.6050 |
| Lowest Yield Rejected (%) | 4.3825 | 4.4925 |
| Weighted Average Accepted Yield (%) | 4.3705 | 4.4779 |
| Weighted Average Rejected Yield (%) | 4.4063 | 4.5444 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 46.70 | 42.90 |
| Coverage ratio | 1.86 | 2.16 |
(3) Series Offered : 1.75% 15 May 2041
| Aug 8 #915 | Jul 4 #910 | May 23 #905 | May 9 #903 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 50 | 100 | 75 | 25 |
| Total Amount Allocated ($million) | 50 | 94 | 75 | 25 |
| Total Number of Bids Received | 28 | 17 | 18 | 17 |
| Total Amount of Bids Received ($million) | 203 | 94 | 150 | 85 |
| Total Number of Successful Bids | 4 | 17 | 5 | 6 |
| Highest Yield Accepted (%) | 4.6650 | 5.1100 | 4.9775 | 5.0300 |
| Lowest Yield Accepted (%) | 4.6550 | 5.0150 | 4.9700 | 5.0200 |
| Highest Yield Rejected (%) | 4.7300 | 5.0300 | 5.0900 | |
| Lowest Yield Rejected (%) | 4.6675 | 4.9800 | 5.0300 | |
| Weighted Average Accepted Yield (%) | 4.6620 | 4.8718 | 5.0265 | |
| Weighted Average Rejected Yield (%) | 4.6862 | 5.0529 | 4.9943 | 5.0504 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 100.00 | 100.00 | 66.70 |
| Coverage ratio | 4.06 | 0.94 | 2.00 | 3.40 |
*Individual allotments may vary due to rounding.
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