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NZ Govt Bond Tender #924; Tender Date 17 Oct 2024
17th Oct 24, 3:10pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 924 held on Oct 17, 2024.
Tender Date: Thursday, Oct 17, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 22 Oct 2024
(1) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Oct 17- #924 | Oct 3 #922 | Sep 19 #920 | Aug 8 #915 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 175 | 250 | 250 | 275 |
| Total Amount Allocated ($million) | 175 | 250 | 250 | 275 |
| Total Number of Bids Received | 30 | 24 | 40 | 36 |
| Total Amount of Bids Received ($million) | 402 | 411 | 436 | 485 |
| Total Number of Successful Bids | 13 | 16 | 28 | 24 |
| Highest Yield Accepted (%) | 4.1950 | 4.0400 | 4.0425 | 4.1425 |
| Lowest Yield Accepted (%) | 4.1750 | 4.0000 | 4.0075 | 4.1000 |
| Highest Yield Rejected (%) | 4.2750 | 4.1200 | 4.1125 | 4.2325 |
| Lowest Yield Rejected (%) | 4.1950 | 4.0400 | 4.0425 | 4.1425 |
| Weighted Average Accepted Yield (%) | 4.1892 | 4.0176 | 4.0292 | 4.1213 |
| Weighted Average Rejected Yield (%) | 4.2160 | 4.0737 | 4.0763 | 4.1798 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 58.50 | 33.30 | 40.00 | 87.50 |
| Coverage ratio | 2.29 | 1.64 | 1.74 | 1.76 |
(2) Series Offered : 4.25% 15 May 2034
| Oct 17- #924 | Oct 10- #923 | Oct 3 #922 | Sep 19 #920 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 250 | 250 | 200 | 200 |
| Total Amount Allocated ($million) | 250 | 250 | 200 | 200 |
| Total Number of Bids Received | 45 | 32 | 25 | 53 |
| Total Amount of Bids Received ($million) | 639 | 436 | 324 | 642 |
| Total Number of Successful Bids | 17 | 24 | 17 | 16 |
| Highest Yield Accepted (%) | 4.4200 | 4.3900 | 4.3000 | 4.2425 |
| Lowest Yield Accepted (%) | 4.4000 | 4.3375 | 4.2600 | 4.2275 |
| Highest Yield Rejected (%) | 4.5125 | 4.4100 | 4.3725 | 4.3425 |
| Lowest Yield Rejected (%) | 4.4200 | 4.3900 | 4.3025 | 4.2425 |
| Weighted Average Accepted Yield (%) | 4.4117 | 4.3645 | 4.2709 | 4.2368 |
| Weighted Average Rejected Yield (%) | 4.4466 | 4.4005 | 4.3321 | 4.2668 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 13.00 | 20.00 | 100.00 | 83.30 |
| Coverage ratio | 2.55 | 1.74 | 1.62 | 3.21 |
(3) Series Offered : 1.75% 15 May 2041
| Oct 17- #924 | Oct 10- #923 | Sep 5 #918 | Aug 15 #916 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 75 | 50 | 50 | 75 |
| Total Amount Allocated ($million) | 75 | 50 | 50 | 75 |
| Total Number of Bids Received | 29 | 19 | 24 | 29 |
| Total Amount of Bids Received ($million) | 220 | 155 | 107 | 280 |
| Total Number of Successful Bids | 10 | 6 | 12 | 6 |
| Highest Yield Accepted (%) | 4.8500 | 4.8200 | 4.6150 | 4.5075 |
| Lowest Yield Accepted (%) | 4.8400 | 4.8025 | 4.5850 | 4.4975 |
| Highest Yield Rejected (%) | 4.9000 | 4.8775 | 4.6650 | 4.5800 |
| Lowest Yield Rejected (%) | 4.8500 | 4.8200 | 4.6150 | 4.5075 |
| Weighted Average Accepted Yield (%) | 4.8453 | 4.8110 | 4.6014 | 4.5040 |
| Weighted Average Rejected Yield (%) | 4.8722 | 4.8449 | 4.6405 | 4.5320 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 40.00 | 40.00 | 85.70 | 71.40 |
| Coverage ratio | 2.93 | 3.10 | 2.14 | 3.73 |
*Individual allotments may vary due to rounding.
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