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NZ Govt Bond Tender #925; Tender Date 31 Oct 2024
31st Oct 24, 2:55pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 925 held on Oct 31, 2025.
Tender Date: Thursday, Oct 31, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 5 Nov 2024
(1) Series Offered : 3.00% 20 Apr 2029
| 31 Oct #925 | 26 Sep #921 | 12 Sep #919 | 25 Jul #913 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 175 | 250 | 300 | 300 |
| Total Amount Allocated ($million) | 175 | 250 | 300 | 300 |
| Total Number of Bids Received | 35 | 46 | 35 | 49 |
| Total Amount of Bids Received ($million) | 559 | 544 | 604 | 777 |
| Total Number of Successful Bids | 9 | 26 | 23 | 24 |
| Highest Yield Accepted (%) | 3.9975 | 3.7875 | 3.7600 | 4.0925 |
| Lowest Yield Accepted (%) | 3.9775 | 3.7550 | 3.7350 | 4.0700 |
| Highest Yield Rejected (%) | 4.0775 | 3.8700 | 3.8300 | 4.2100 |
| Lowest Yield Rejected (%) | 3.9975 | 3.7875 | 3.7600 | 4.0925 |
| Weighted Average Accepted Yield (%) | 3.9931 | 3.7739 | 3.7496 | 4.0813 |
| Weighted Average Rejected Yield (%) | 4.0308 | 3.8144 | 3.7846 | 4.1258 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 61.30 | 45.70 | 57.40 | 34.40 |
| Coverage ratio | 3.19 | 2.17 | 2.01 | 2.59 |
(2) Series Offered : 4.25% 15 May 2034
| 31 Oct #925 | Oct 17- #924 | Oct 10- #923 | Oct 3 #922 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 250 | 250 | 250 | 200 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 200 |
| Total Number of Bids Received | 45 | 45 | 32 | 25 |
| Total Amount of Bids Received ($million) | 779 | 639 | 436 | 324 |
| Total Number of Successful Bids | 10 | 17 | 24 | 17 |
| Highest Yield Accepted (%) | 4.5100 | 4.4200 | 4.3900 | 4.3000 |
| Lowest Yield Accepted (%) | 4.5000 | 4.4000 | 4.3375 | 4.2600 |
| Highest Yield Rejected (%) | 4.5825 | 4.5125 | 4.4100 | 4.3725 |
| Lowest Yield Rejected (%) | 4.5100 | 4.4200 | 4.3900 | 4.3025 |
| Weighted Average Accepted Yield (%) | 4.5059 | 4.4117 | 4.3645 | 4.2709 |
| Weighted Average Rejected Yield (%) | 4.5327 | 4.4466 | 4.4005 | 4.3321 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 43.80 | 13.00 | 20.00 | 100.00 |
| Coverage ratio | 3.11 | 2.55 | 1.74 | 1.62 |
(3) Series Offered : 1.75% 15 May 2041
| 31 Oct #925 | Oct 17- #924 | Oct 10- #923 | Sep 5 #918 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 75 | 75 | 50 | 50 |
| Total Amount Allocated ($million) | 75 | 75 | 50 | 50 |
| Total Number of Bids Received | 25 | 29 | 19 | 24 |
| Total Amount of Bids Received ($million) | 223 | 220 | 155 | 107 |
| Total Number of Successful Bids | 9 | 10 | 6 | 12 |
| Highest Yield Accepted (%) | 4.9425 | 4.8500 | 4.8200 | 4.6150 |
| Lowest Yield Accepted (%) | 4.9125 | 4.8400 | 4.8025 | 4.5850 |
| Highest Yield Rejected (%) | 5.0025 | 4.9000 | 4.8775 | 4.6650 |
| Lowest Yield Rejected (%) | 4.9500 | 4.8500 | 4.8200 | 4.6150 |
| Weighted Average Accepted Yield (%) | 4.9263 | 4.8453 | 4.8110 | 4.6014 |
| Weighted Average Rejected Yield (%) | 4.9667 | 4.8722 | 4.8449 | 4.6405 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 40.00 | 40.00 | 85.70 |
| Coverage ratio | 2.97 | 2.93 | 3.10 | 2.14 |
*Individual allotments may vary due to rounding.
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