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NZ Govt Bond Tender #929; Tender Date 28 Nov 2024
28th Nov 24, 2:45pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 929 held on Nov 28, 2025.
Tender Date: Thursday, Nov 29, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 3 Dec 2024
(1) Series Offered : 3.00% 20 Apr 2029
| 28 Nov #929 | 21 Nov #928 | 14 Nov #927 | 31 Oct #925 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 250 | 200 | 200 | 175 |
| Total Amount Allocated ($million) | 250 | 200 | 200 | 175 |
| Total Number of Bids Received | 41 | 40 | 39 | 35 |
| Total Amount of Bids Received ($million) | 832 | 835 | 614 | 559 |
| Total Number of Successful Bids | 12 | 5 | 13 | 9 |
| Highest Yield Accepted (%) | 3.9500 | 4.1675 | 4.2525 | 3.9975 |
| Lowest Yield Accepted (%) | 3.9425 | 4.1575 | 4.2350 | 3.9775 |
| Highest Yield Rejected (%) | 4.0250 | 4.2500 | 4.3475 | 4.0775 |
| Lowest Yield Rejected (%) | 3.9500 | 4.1675 | 4.2525 | 3.9975 |
| Weighted Average Accepted Yield (%) | 3.9470 | 4.1592 | 4.2440 | 3.9931 |
| Weighted Average Rejected Yield (%) | 3.9734 | 4.1907 | 4.2780 | 4.0308 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 38.80 | 50.00 | 75.00 | 61.30 |
| Coverage ratio | 3.32 | 4.17 | 3.07 | 3.19 |
(2) Series Offered : 3.50% 14 Apr 2033
| 28 Nov #929 | Jun 27 #909 | May 2 #902 | Mar 21 #897 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 175 | 200 | 250 | 250 |
| Total Amount Allocated ($million) | 175 | 200 | 250 | 250 |
| Total Number of Bids Received | 41 | 23 | 39 | 32 |
| Total Amount of Bids Received ($million) | 673 | 260 | 743 | 525 |
| Total Number of Successful Bids | 4 | 19 | 16 | 21 |
| Highest Yield Accepted (%) | 4.3675 | 4.6600 | 4.8350 | 4.5100 |
| Lowest Yield Accepted (%) | 4.3625 | 4.6375 | 4.8150 | 4.4850 |
| Highest Yield Rejected (%) | 4.4625 | 4.6900 | 4.8775 | 4.5425 |
| Lowest Yield Rejected (%) | 4.3675 | 4.6600 | 4.8350 | 4.5100 |
| Weighted Average Accepted Yield (%) | 4.3650 | 4.6478 | 4.8258 | 4.4996 |
| Weighted Average Rejected Yield (%) | 4.3914 | 4.6767 | 4.8464 | 4.5321 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 71.40 | 66.70 | 27.80 | 64.70 |
| Coverage ratio | 3.84 | 1.30 | 2.97 | 2.10 |
(3) Series Offered : 1.75% 15 May 2041
| 28 Nov #929 | Aug 8 #915 | Jul 4 #910 | May 23 #905 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 75 | 50 | 100 | 75 |
| Total Amount Allocated ($million) | 75 | 50 | 94 | 75 |
| Total Number of Bids Received | 36 | 28 | 17 | 18 |
| Total Amount of Bids Received ($million) | 271 | 203 | 94 | 150 |
| Total Number of Successful Bids | 15 | 4 | 17 | 5 |
| Highest Yield Accepted (%) | 4.8575 | 4.6650 | 5.1100 | 4.9775 |
| Lowest Yield Accepted (%) | 4.8450 | 4.6550 | 5.0150 | 4.9700 |
| Highest Yield Rejected (%) | 4.9125 | 4.7300 | 5.0300 | |
| Lowest Yield Rejected (%) | 4.8575 | 4.6675 | 4.9800 | |
| Weighted Average Accepted Yield (%) | 4.8505 | 4.6620 | 4.8718 | |
| Weighted Average Rejected Yield (%) | 4.8791 | 4.6862 | 5.0529 | 4.9943 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 33.30 | 100.00 | 100.00 | 100.00 |
| Coverage ratio | 3.61 | 4.06 | 0.94 | 2.00 |
*Individual allotments may vary due to rounding.
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