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NZ Govt Bond Tender #923; Tender Date 10 Oct 2024
10th Oct 24, 2:43pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 923 held on Oct 10, 2024.
Tender Date: Thursday, Oct 10, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 15 Oct 2024
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Oct 15- #923 | Mar 14- #896 | Feb 29- #894 | Jan 18- #889 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 200 | 275 | 300 | 275 |
| Total Amount Allocated ($million) | 200 | 275 | 300 | 275 |
| Total Number of Bids Received | 33 | 27 | 36 | 33 |
| Total Amount of Bids Received ($million) | 445 | 563 | 783 | 336 |
| Total Number of Successful Bids | 25 | 20 | 6 | 30 |
| Highest Yield Accepted (%) | 3.8400 | 4.4750 | 4.5575 | 4.4300 |
| Lowest Yield Accepted (%) | 3.7975 | 4.4500 | 4.5500 | 4.3950 |
| Highest Yield Rejected (%) | 3.8800 | 4.5150 | 4.6200 | 4.4500 |
| Lowest Yield Rejected (%) | 3.8400 | 4.4750 | 4.5575 | 4.4300 |
| Weighted Average Accepted Yield (%) | 3.8191 | 4.4610 | 4.5528 | 4.4118 |
| Weighted Average Rejected Yield (%) | 3.8573 | 4.4908 | 4.5774 | 4.4423 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 60.00 | 14.30 | 60.00 | 69.20 |
| Coverage ratio | 2.22 | 2.04 | 2.61 | 1.22 |
(2) Series Offered : 4.25% 15 May 2034
| Oct 15- #923 | Oct 3 #922 | Sep 19 #920 | Sep 5 #918 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 250 | 200 | 200 | 225 |
| Total Amount Allocated ($million) | 250 | 200 | 200 | 225 |
| Total Number of Bids Received | 32 | 25 | 53 | 38 |
| Total Amount of Bids Received ($million) | 436 | 324 | 642 | 411 |
| Total Number of Successful Bids | 24 | 17 | 16 | 19 |
| Highest Yield Accepted (%) | 4.3900 | 4.3000 | 4.2425 | 4.2050 |
| Lowest Yield Accepted (%) | 4.3375 | 4.2600 | 4.2275 | 4.1725 |
| Highest Yield Rejected (%) | 4.4100 | 4.3725 | 4.3425 | 4.2450 |
| Lowest Yield Rejected (%) | 4.3900 | 4.3025 | 4.2425 | 4.2100 |
| Weighted Average Accepted Yield (%) | 4.3645 | 4.2709 | 4.2368 | 4.1884 |
| Weighted Average Rejected Yield (%) | 4.4005 | 4.3321 | 4.2668 | 4.2227 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 20.00 | 100.00 | 83.30 | 100.00 |
| Coverage ratio | 1.74 | 1.62 | 3.21 | 1.82 |
(3) Series Offered : 1.75% 15 May 2041
| Oct 15- #923 | Sep 5 #918 | Aug 15 #916 | Aug 8 #915 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 50 | 50 | 75 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 75 | 50 |
| Total Number of Bids Received | 19 | 24 | 29 | 28 |
| Total Amount of Bids Received ($million) | 155 | 107 | 280 | 203 |
| Total Number of Successful Bids | 6 | 12 | 6 | 4 |
| Highest Yield Accepted (%) | 4.8200 | 4.6150 | 4.5075 | 4.6650 |
| Lowest Yield Accepted (%) | 4.8025 | 4.5850 | 4.4975 | 4.6550 |
| Highest Yield Rejected (%) | 4.8775 | 4.6650 | 4.5800 | 4.7300 |
| Lowest Yield Rejected (%) | 4.8200 | 4.6150 | 4.5075 | 4.6675 |
| Weighted Average Accepted Yield (%) | 4.8110 | 4.6014 | 4.5040 | 4.6620 |
| Weighted Average Rejected Yield (%) | 4.8449 | 4.6405 | 4.5320 | 4.6862 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 40.00 | 85.70 | 71.40 | 100.00 |
| Coverage ratio | 3.10 | 2.14 | 3.73 | 4.06 |
*Individual allotments may vary due to rounding.
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