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NZ Govt Bond Tender #926; Tender Date 7 Nov 2024
7th Nov 24, 2:45pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 926 held on Nov 7, 2024.
Tender Date: Thursday, Nov 77, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 12 Nov 2024
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Nov 7- #924 | Oct 15- #923 | Mar 14- #896 | Feb 29- #894 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 200 | 200 | 275 | 300 |
| Total Amount Allocated ($million) | 200 | 200 | 275 | 300 |
| Total Number of Bids Received | 32 | 33 | 27 | 36 |
| Total Amount of Bids Received ($million) | 490 | 445 | 563 | 783 |
| Total Number of Successful Bids | 18 | 25 | 20 | 6 |
| Highest Yield Accepted (%) | 3.9650 | 3.8400 | 4.4750 | 4.5575 |
| Lowest Yield Accepted (%) | 3.9375 | 3.7975 | 4.4500 | 4.5500 |
| Highest Yield Rejected (%) | 4.0450 | 3.8800 | 4.5150 | 4.6200 |
| Lowest Yield Rejected (%) | 3.9650 | 3.8400 | 4.4750 | 4.5575 |
| Weighted Average Accepted Yield (%) | 3.9485 | 3.8191 | 4.4610 | 4.5528 |
| Weighted Average Rejected Yield (%) | 3.9943 | 3.8573 | 4.4908 | 4.5774 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 66.70 | 60.00 | 14.30 | 60.00 |
| Coverage ratio | 2.45 | 2.22 | 2.04 | 2.61 |
(2) Series Offered : 4.50% 15 May 2035
| Nov 7- #924 | 26 Sep #921 | 12 Sep #919 | 25 Jul #913 | |
| Series Offered : 4.50% 15 May 2035 | ||||
| Total Amount Offered ($million) | 250 | 225 | 150 | 200 |
| Total Amount Allocated ($million) | 250 | 225 | 150 | 200 |
| Total Number of Bids Received | 50 | 41 | 59 | 48 |
| Total Amount of Bids Received ($million) | 740 | 365 | 685 | 433 |
| Total Number of Successful Bids | 14 | 29 | 19 | 22 |
| Highest Yield Accepted (%) | 4.6675 | 4.3625 | 4.2250 | 4.4925 |
| Lowest Yield Accepted (%) | 4.6600 | 4.3275 | 4.2075 | 4.4675 |
| Highest Yield Rejected (%) | 4.7725 | 4.4200 | 4.3325 | 4.6050 |
| Lowest Yield Rejected (%) | 4.6675 | 4.3650 | 4.2250 | 4.4925 |
| Weighted Average Accepted Yield (%) | 4.6636 | 4.3423 | 4.2191 | 4.4779 |
| Weighted Average Rejected Yield (%) | 4.6979 | 4.3896 | 4.2560 | 4.5444 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 72.70 | 100.00 | 83.30 | 42.90 |
| Coverage ratio | 2.96 | 1.62 | 4.56 | 2.16 |
(3) Series Offered : 5.00% 15 May 2054
| Nov 7- #924 | Jun 20- #908 | |
| Series Offered : 1.75% 15 May 2041 | ||
| Total Amount Offered ($million) | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 |
| Total Number of Bids Received | 28 | 20 |
| Total Amount of Bids Received ($million) | 180 | 75 |
| Total Number of Successful Bids | 10 | 15 |
| Highest Yield Accepted (%) | 5.1575 | 4.9400 |
| Lowest Yield Accepted (%) | 5.1425 | 4.9050 |
| Highest Yield Rejected (%) | 5.2175 | 4.9850 |
| Lowest Yield Rejected (%) | 5.1600 | 4.9400 |
| Weighted Average Accepted Yield (%) | 5.1490 | 4.9292 |
| Weighted Average Rejected Yield (%) | 5.1777 | 4.9512 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | |
| Coverage ratio | 3.60 | 3.10 |
*Individual allotments may vary due to rounding.
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