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NZ Govt Bond Tender #922; Tender Date 3 Oct 2024
3rd Oct 24, 2:40pm
by
The New Zealand Debt Management Office (NZDMO) has announced the results of NZ Govt Bond tender number 922 held on 3 Oct 2024.
Tender Date: Thursday, 3 Oct 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 8 Oct 2024
(1) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Oct 3 #922 | Sep 19 #920 | Aug 8 #915 | Jul 4 #910 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 250 | 250 | 275 | 225 |
| Total Amount Allocated ($million) | 250 | 250 | 275 | 225 |
| Total Number of Bids Received | 24 | 40 | 36 | 22 |
| Total Amount of Bids Received ($million) | 411 | 436 | 485 | 242 |
| Total Number of Successful Bids | 16 | 28 | 24 | 21 |
| Highest Yield Accepted (%) | 4.0400 | 4.0425 | 4.1425 | 4.6000 |
| Lowest Yield Accepted (%) | 4.0000 | 4.0075 | 4.1000 | 4.5500 |
| Highest Yield Rejected (%) | 4.1200 | 4.1125 | 4.2325 | 4.6200 |
| Lowest Yield Rejected (%) | 4.0400 | 4.0425 | 4.1425 | 4.6000 |
| Weighted Average Accepted Yield (%) | 4.0176 | 4.0292 | 4.1213 | 4.5786 |
| Weighted Average Rejected Yield (%) | 4.0737 | 4.0763 | 4.1798 | 4.6118 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 33.30 | 40.00 | 87.50 | 72.00 |
| Coverage ratio | 1.64 | 1.74 | 1.76 | 1.07 |
(2) Series Offered : 4.25% 15 May 2034
| Oct 3 #922 | Sep 19 #920 | Sep 5 #918 | Aug 15 #916 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 200 | 200 | 225 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 225 | 200 |
| Total Number of Bids Received | 25 | 53 | 38 | 30 |
| Total Amount of Bids Received ($million) | 324 | 642 | 411 | 318 |
| Total Number of Successful Bids | 17 | 16 | 19 | 24 |
| Highest Yield Accepted (%) | 4.3000 | 4.2425 | 4.2050 | 4.1925 |
| Lowest Yield Accepted (%) | 4.2600 | 4.2275 | 4.1725 | 4.1425 |
| Highest Yield Rejected (%) | 4.3725 | 4.3425 | 4.2450 | 4.2325 |
| Lowest Yield Rejected (%) | 4.3025 | 4.2425 | 4.2100 | 4.1925 |
| Weighted Average Accepted Yield (%) | 4.2709 | 4.2368 | 4.1884 | 4.1687 |
| Weighted Average Rejected Yield (%) | 4.3321 | 4.2668 | 4.2227 | 4.2116 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 83.30 | 100.00 | 56.70 |
| Coverage ratio | 1.62 | 3.21 | 1.82 | 1.59 |
(3) Series Offered : 2.75% 15 Apr 2037
| Oct 3 #922 | Sep 19 #920 | 12 Sep #919 | Aug 1 #914 | |
| 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 | 23 | 32 | 32 | 31 |
| Total Amount of Bids Received ($million) | 148 | 150 | 162 | 315 |
| Total Number of Successful Bids | 6 | 12 | 11 | 2 |
| Highest Yield Accepted (%) | 4.7550 | 4.5200 | 4.4050 | 4.4850 |
| Lowest Yield Accepted (%) | 4.7350 | 4.5025 | 4.3925 | 4.4850 |
| Highest Yield Rejected (%) | 4.8200 | 4.6025 | 4.4525 | 4.5650 |
| Lowest Yield Rejected (%) | 4.7575 | 4.5200 | 4.4050 | 4.4850 |
| Weighted Average Accepted Yield (%) | 4.7492 | 4.5092 | 4.3996 | 4.4850 |
| Weighted Average Rejected Yield (%) | 4.7795 | 4.5374 | 4.4202 | 4.5065 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 7.70 | 60.00 | 62.50 |
| Coverage ratio | 2.96 | 3.0 | 3.24 | 6.32 |
*Individual allotments may vary due to rounding.
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