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NZ Govt Bond Tender #928; Tender Date 21 Nov 2024
21st Nov 24, 2:45pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 928 held on Nov 21, 2025.
Tender Date: Thursday, Nov 21, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 26 Nov 2024
(1) Series Offered : 3.00% 20 Apr 2029
| 21 Nov #928 | 14 Nov #927 | 31 Oct #925 | 26 Sep #921 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 200 | 200 | 175 | 250 |
| Total Amount Allocated ($million) | 200 | 200 | 175 | 250 |
| Total Number of Bids Received | 40 | 39 | 35 | 46 |
| Total Amount of Bids Received ($million) | 835 | 614 | 559 | 544 |
| Total Number of Successful Bids | 5 | 13 | 9 | 26 |
| Highest Yield Accepted (%) | 4.1675 | 4.2525 | 3.9975 | 3.7875 |
| Lowest Yield Accepted (%) | 4.1575 | 4.2350 | 3.9775 | 3.7550 |
| Highest Yield Rejected (%) | 4.2500 | 4.3475 | 4.0775 | 3.8700 |
| Lowest Yield Rejected (%) | 4.1675 | 4.2525 | 3.9975 | 3.7875 |
| Weighted Average Accepted Yield (%) | 4.1592 | 4.2440 | 3.9931 | 3.7739 |
| Weighted Average Rejected Yield (%) | 4.1907 | 4.2780 | 4.0308 | 3.8144 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50.00 | 75.00 | 61.30 | 45.70 |
| Coverage ratio | 4.17 | 3.07 | 3.19 | 2.17 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| 21 Nov #928 | 13 Jun #907 | May 23 #905 | May 9 #903 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 225 | 200 | 175 | 225 |
| Total Amount Allocated ($million) | 225 | 200 | 175 | 225 |
| Total Number of Bids Received | 31 | 27 | 20 | 34 |
| Total Amount of Bids Received ($million) | 385 | 415 | 227 | 482 |
| Total Number of Successful Bids | 25 | 16 | 16 | 13 |
| Highest Yield Accepted (%) | 4.5675 | 4.6125 | 4.7000 | 4.6725 |
| Lowest Yield Accepted (%) | 4.5175 | 4.5775 | 4.6600 | 4.6550 |
| Highest Yield Rejected (%) | 4.6200 | 4.6675 | 4.7125 | 4.7400 |
| Lowest Yield Rejected (%) | 4.5675 | 4.6150 | 4.7000 | 4.6725 |
| Weighted Average Accepted Yield (%) | 4.5419 | 4.5993 | 4.6748 | 4.6611 |
| Weighted Average Rejected Yield (%) | 4.5830 | 4.6423 | 4.7078 | 4.6922 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 12.50 | 100.00 | 50.00 | 25.00 |
| Coverage ratio | 1.71 | 2.07 | 1.29 | 2.14 |
(3) Series Offered : 1.75% 15 May 2041
| 21 Nov #928 | 31 Oct #925 | Oct 17- #924 | Oct 10- #923 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 75 | 75 | 75 | 50 |
| Total Amount Allocated ($million) | 75 | 75 | 75 | 50 |
| Total Number of Bids Received | 29 | 25 | 29 | 19 |
| Total Amount of Bids Received ($million) | 226 | 223 | 220 | 155 |
| Total Number of Successful Bids | 10 | 9 | 10 | 6 |
| Highest Yield Accepted (%) | 5.0800 | 4.9425 | 4.8500 | 4.8200 |
| Lowest Yield Accepted (%) | 5.0650 | 4.9125 | 4.8400 | 4.8025 |
| Highest Yield Rejected (%) | 5.1300 | 5.0025 | 4.9000 | 4.8775 |
| Lowest Yield Rejected (%) | 5.0800 | 4.9500 | 4.8500 | 4.8200 |
| Weighted Average Accepted Yield (%) | 5.0702 | 4.9263 | 4.8453 | 4.8110 |
| Weighted Average Rejected Yield (%) | 5.1026 | 4.9667 | 4.8722 | 4.8449 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 66.70 | 100.00 | 40.00 | 40.00 |
| Coverage ratio | 3.01 | 2.97 | 2.93 | 3.10 |
*Individual allotments may vary due to rounding.
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