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NZ Govt Bond Tender #918; Tender Date 5 Sep 2024
5th Sep 24, 2:48pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 918 held on 5 Sep, 2024.
Tender Date: Thursday, 5 Sep, 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
| Sep 5 #918 | Aug 29 #917 | Aug 1 #914 | Jun 27 #909 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 225 | 250 | 300 | 250 |
| Total Amount Allocated ($million) | 225 | 250 | 300 | 250 |
| Total Number of Bids Received | 42 | 40 | 46 | 24 |
| Total Amount of Bids Received ($million) | 588 | 591 | 715 | 318 |
| Total Number of Successful Bids | 14 | 23 | 19 | 19 |
| Highest Yield Accepted (%) | 3.8825 | 3.9800 | 4.0225 | 4.5500 |
| Lowest Yield Accepted (%) | 3.8625 | 3.9550 | 4.0075 | 4.5250 |
| Highest Yield Rejected (%) | 3.9400 | 4.0575 | 4.0775 | 4.5750 |
| Lowest Yield Rejected (%) | 3.8825 | 3.9800 | 4.0225 | 4.5500 |
| Weighted Average Accepted Yield (%) | 3.8728 | 3.9693 | 4.0164 | 4.5365 |
| Weighted Average Rejected Yield (%) | 3.9095 | 3.9973 | 4.0423 | 4.5612 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 66.70 | 16.70 | 50.00 | 13.30 |
| Coverage ratio | 2.61 | 2.36 | 2.38 | 1.27 |
(2) Series Offered : 4.25% 15 May 2034
| Sep 5 #918 | Aug 15 #916 | Aug 1 #914 | 18 Jul #912 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 225 | 200 | 150 | 225 |
| Total Amount Allocated ($million) | 225 | 200 | 150 | 225 |
| Total Number of Bids Received | 38 | 30 | 43 | 62 |
| Total Amount of Bids Received ($million) | 411 | 318 | 482 | 564 |
| Total Number of Successful Bids | 19 | 24 | 9 | 30 |
| Highest Yield Accepted (%) | 4.2050 | 4.1925 | 4.2850 | 4.3750 |
| Lowest Yield Accepted (%) | 4.1725 | 4.1425 | 4.2750 | 4.3575 |
| Highest Yield Rejected (%) | 4.2450 | 4.2325 | 4.3650 | 4.4450 |
| Lowest Yield Rejected (%) | 4.2100 | 4.1925 | 4.2875 | 4.3750 |
| Weighted Average Accepted Yield (%) | 4.1884 | 4.1687 | 4.2821 | 4.3671 |
| Weighted Average Rejected Yield (%) | 4.2227 | 4.2116 | 4.3124 | 4.3997 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 56.70 | 100.00 | 47.60 |
| Coverage ratio | 1.82 | 1.59 | 3.21 | 2.51 |
(3) Series Offered : 1.75% 15 May 2041
| Sep 5 #918 | Aug 15 #916 | Aug 8 #915 | Jul 4 #910 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 50 | 75 | 50 | 100 |
| Total Amount Allocated ($million) | 50 | 75 | 50 | 94 |
| Total Number of Bids Received | 24 | 29 | 28 | 17 |
| Total Amount of Bids Received ($million) | 107 | 280 | 203 | 94 |
| Total Number of Successful Bids | 12 | 6 | 4 | 17 |
| Highest Yield Accepted (%) | 4.6150 | 4.5075 | 4.6650 | 5.1100 |
| Lowest Yield Accepted (%) | 4.5850 | 4.4975 | 4.6550 | 5.0150 |
| Highest Yield Rejected (%) | 4.6650 | 4.5800 | 4.7300 | |
| Lowest Yield Rejected (%) | 4.6150 | 4.5075 | 4.6675 | |
| Weighted Average Accepted Yield (%) | 4.6014 | 4.5040 | 4.6620 | |
| Weighted Average Rejected Yield (%) | 4.6405 | 4.5320 | 4.6862 | 5.0529 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 85.70 | 71.40 | 100.00 | 100.00 |
| Coverage ratio | 2.14 | 3.73 | 4.06 | 0.94 |
*Individual allotments may vary due to rounding.
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