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NZ Govt Bond Tender #916; Tender Date 15 Aug 2024
15th Aug 24, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 916 held on 15 Aug, 2024.
Tender Date: Thursday, 15 Aug, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 20 Aug 2024
(1) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| Aug 15 #916 | Mar 7 #895 | Feb 15 #893 | Jan 25 #890 | |
| Series Offered : 4.50% 15 Apr 2027 | ||||
| Total Amount offered ($million) | 225 | 300 | 275 | 250 |
| Total Amount Allocated ($million) | 225 | 300 | 275 | 250 |
| Total Number of bids Received | 37 | 26 | 31 | 33 |
| Total Amount of bids Received ($million) | 675 | 507 | 1,046 | 448 |
| Total Number of Successful bids | 8 | 17 | 7 | 18 |
| Highest Yield Accepted (%) | 3.7175 | 4.5575 | 4.8025 | 4.5175 |
| Lowest Yield Accepted (%) | 3.7100 | 4.5325 | 4.7975 | 4.4800 |
| Highest Yield Rejected (%) | 3.8500 | 4.5875 | 4.8925 | 4.5575 |
| Lowest Yield Rejected (%) | 3.7175 | 4.5575 | 4.8025 | 4.5175 |
| Weighted Average Accepted Yield (%) | 3.7129 | 4.5426 | 4.7996 | 4.4992 |
| Weighted Average Rejected Yield (%) | 3.7511 | 4.5724 | 4.8147 | 4.5362 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 20.00 | 72.00 | 48.90 | |
| Coverage ratio | 3.00 | 1.69 | 3.80 | 1.79 |
(2) Series Offered : 4.25% 15 May 2034
| Aug 15 #916 | Aug 1 #914 | 18 Jul #912 | 11 Jul #911 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 200 | 150 | 225 | 225 |
| Total Amount Allocated ($million) | 200 | 150 | 225 | 225 |
| Total Number of Bids Received | 30 | 43 | 62 | 49 |
| Total Amount of Bids Received ($million) | 318 | 482 | 564 | 694 |
| Total Number of Successful Bids | 24 | 9 | 30 | 16 |
| Highest Yield Accepted (%) | 4.1925 | 4.2850 | 4.3750 | 4.5875 |
| Lowest Yield Accepted (%) | 4.1425 | 4.2750 | 4.3575 | 4.5750 |
| Highest Yield Rejected (%) | 4.2325 | 4.3650 | 4.4450 | 4.7225 |
| Lowest Yield Rejected (%) | 4.1925 | 4.2875 | 4.3750 | 4.5875 |
| Weighted Average Accepted Yield (%) | 4.1687 | 4.2821 | 4.3671 | 4.5811 |
| Weighted Average Rejected Yield (%) | 4.2116 | 4.3124 | 4.3997 | 4.6152 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 56.70 | 100.00 | 47.60 | 52.90 |
| Coverage ratio | 1.59 | 3.21 | 2.51 | 3.08 |
(3) Series Offered : 1.75% 15 May 2041
| Aug 15 #916 | Aug 8 #915 | Jul 4 #910 | May 23 #905 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 75 | 50 | 100 | 75 |
| Total Amount Allocated ($million) | 75 | 50 | 94 | 75 |
| Total Number of Bids Received | 29 | 28 | 17 | 18 |
| Total Amount of Bids Received ($million) | 280 | 203 | 94 | 150 |
| Total Number of Successful Bids | 6 | 4 | 17 | 5 |
| Highest Yield Accepted (%) | 4.5075 | 4.6650 | 5.1100 | 4.9775 |
| Lowest Yield Accepted (%) | 4.4975 | 4.6550 | 5.0150 | 4.9700 |
| Highest Yield Rejected (%) | 4.5800 | 4.7300 | 5.0300 | |
| Lowest Yield Rejected (%) | 4.5075 | 4.6675 | 4.9800 | |
| Weighted Average Accepted Yield (%) | 4.5040 | 4.6620 | 4.8718 | |
| Weighted Average Rejected Yield (%) | 4.5320 | 4.6862 | 5.0529 | 4.9943 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 71.40 | 100.00 | 100.00 | 100.00 |
| Coverage ratio | 3.73 | 4.06 | 0.94 | 2.00 |
*Individual allotments may vary due to rounding.
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