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NZ Govt Bond Tender #917; Tender Date 29 Aug 2024
29th Aug 24, 2:45pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 917 held on 29 Aug, 2024.
Tender Date: Thursday, 29 Aug, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 3 Sep 2024
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| Aug 29 #917 | Aug 1 #914 | Jun 27 #909 | May 9 #903 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 250 | 300 | 250 | 250 |
| Total Amount Allocated ($million) | 250 | 300 | 250 | 250 |
| Total Number of Bids Received | 40 | 46 | 24 | 30 |
| Total Amount of Bids Received ($million) | 591 | 715 | 318 | 465 |
| Total Number of Successful Bids | 23 | 19 | 19 | 12 |
| Highest Yield Accepted (%) | 3.9800 | 4.0225 | 4.5500 | 4.6000 |
| Lowest Yield Accepted (%) | 3.9550 | 4.0075 | 4.5250 | 4.5800 |
| Highest Yield Rejected (%) | 4.0575 | 4.0775 | 4.5750 | 4.6650 |
| Lowest Yield Rejected (%) | 3.9800 | 4.0225 | 4.5500 | 4.6050 |
| Weighted Average Accepted Yield (%) | 3.9693 | 4.0164 | 4.5365 | 4.5944 |
| Weighted Average Rejected Yield (%) | 3.9973 | 4.0423 | 4.5612 | 4.6264 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 16.70 | 50.00 | 13.30 | 100.00 |
| Coverage ratio | 2.36 | 2.38 | 1.27 | 1.86 |
(2) Series Offered : 4.50% 15 May 2035
| Aug 29 #917 | Aug 8 #915 | 25 Jul #913 | |
| Series Offered : 4.50% 15 May 2035 | |||
| Total Amount Offered ($million) | 200 | 175 | 200 |
| Total Amount Allocated ($million) | 200 | 175 | 200 |
| Total Number of Bids Received | 33 | 33 | 48 |
| Total Amount of Bids Received ($million) | 348 | 326 | 433 |
| Total Number of Successful Bids | 24 | 21 | 22 |
| Highest Yield Accepted (%) | 4.3675 | 4.3825 | 4.4925 |
| Lowest Yield Accepted (%) | 4.3375 | 4.3550 | 4.4675 |
| Highest Yield Rejected (%) | 4.4075 | 4.4375 | 4.6050 |
| Lowest Yield Rejected (%) | 4.3675 | 4.3825 | 4.4925 |
| Weighted Average Accepted Yield (%) | 4.3536 | 4.3705 | 4.4779 |
| Weighted Average Rejected Yield (%) | 4.3879 | 4.4063 | 4.5444 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 40 | 46.70 | 42.90 |
| Coverage ratio | 1.74 | 1.86 | 2.16 |
(3) Series Offered : 2.75% 15 May 2051
| Aug 29 #917 | Apr 18 #900 | Apr 11 #899 | Feb 15 #893 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 75 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 75 |
| Total Number of Bids Received | 17 | 19 | 20 | 28 |
| Total Amount of Bids Received ($million) | 76 | 101 | 131 | 271 |
| Total Number of Successful Bids | 11 | 11 | 8 | 7 |
| Highest Yield Accepted (%) | 4.7475 | 5.1750 | 5.0475 | 5.0800 |
| Lowest Yield Accepted (%) | 4.7125 | 5.1500 | 5.0275 | 5.0675 |
| Highest Yield Rejected (%) | 4.8050 | 5.1950 | 5.0800 | 5.1600 |
| Lowest Yield Rejected (%) | 4.7450 | 5.1750 | 5.0475 | 5.0800 |
| Weighted Average Accepted Yield (%) | 4.7246 | 5.1598 | 5.0400 | 5.0750 |
| Weighted Average Rejected Yield (%) | 4.7577 | 5.1878 | 5.0576 | 5.1005 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 33.30 | 56.0 | 66.7 | 25.0 |
| Coverage ratio | 1.52 | 2.02 | 2.62 | 3.61 |
*Individual allotments may vary due to rounding.
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