Bonds
/ news
NZ Govt Bond Tender #931; Tender Date 12 Dec 2024
12th Dec 24, 2:50pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 931 held on Dec 12, 2024.
Tender Date: Thursday, Dec 12, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 17 Dec 2024
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| 12 Dec #931 | Nov 7- #924 | Oct 15- #923 | Mar 14- #896 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 250 | 200 | 200 | 275 |
| Total Amount Allocated ($million) | 250 | 200 | 200 | 275 |
| Total Number of Bids Received | 36 | 32 | 33 | 27 |
| Total Amount of Bids Received ($million) | 903 | 490 | 445 | 563 |
| Total Number of Successful Bids | 6 | 18 | 25 | 20 |
| Highest Yield Accepted (%) | 3.8175 | 3.9650 | 3.8400 | 4.4750 |
| Lowest Yield Accepted (%) | 3.8075 | 3.9375 | 3.7975 | 4.4500 |
| Highest Yield Rejected (%) | 3.9150 | 4.0450 | 3.8800 | 4.5150 |
| Lowest Yield Rejected (%) | 3.8175 | 3.9650 | 3.8400 | 4.4750 |
| Weighted Average Accepted Yield (%) | 3.8120 | 3.9485 | 3.8191 | 4.4610 |
| Weighted Average Rejected Yield (%) | 3.8458 | 3.9943 | 3.8573 | 4.4908 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 54.20 | 66.70 | 60.00 | 14.30 |
| Coverage ratio | 3.6120 | 2.45 | 2.22 | 2.04 |
(2) Series Offered : 4.50% 15 May 2035
| 12 Dec #931 | 14 Nov #927 | Nov 7- #924 | 26 Sep #921 | |
| Series Offered : 4.50% 15 May 2035 | ||||
| Total Amount Offered ($million) | 225 | 250 | 250 | 225 |
| Total Amount Allocated ($million) | 225 | 250 | 250 | 225 |
| Total Number of Bids Received | 33 | 45 | 50 | 41 |
| Total Amount of Bids Received ($million) | 475 | 571 | 740 | 365 |
| Total Number of Successful Bids | 21 | 22 | 14 | 29 |
| Highest Yield Accepted (%) | 4.5175 | 4.7975 | 4.6675 | 4.3625 |
| Lowest Yield Accepted (%) | 4.4750 | 4.7725 | 4.6600 | 4.3275 |
| Highest Yield Rejected (%) | 4.5775 | 4.9075 | 4.7725 | 4.4200 |
| Lowest Yield Rejected (%) | 4.5175 | 4.7975 | 4.6675 | 4.3650 |
| Weighted Average Accepted Yield (%) | 4.4937 | 4.7875 | 4.6636 | 4.3423 |
| Weighted Average Rejected Yield (%) | 4.5350 | 4.8390 | 4.6979 | 4.3896 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 32.10 | 70.00 | 72.70 | 100.00 |
| Coverage ratio | 2.11 | 2.28 | 2.96 | 1.62 |
(3) Series Offered : 2.75% 15 Apr 2037
| 12 Dec #931 | 5 Dec #930 | 14 Nov #927 | 26 Sep #921 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 25 | 50 | 50 | 25 |
| Total Amount Allocated ($million) | 25 | 50 | 50 | 25 |
| Total Number of Bids Received | 15 | 22 | 27 | 22 |
| Total Amount of Bids Received ($million) | 93 | 141 | 206 | 121 |
| Total Number of Successful Bids | 2 | 10 | 9 | 3 |
| Highest Yield Accepted (%) | 4.6525 | 4.6250 | 4.9350 | 4.5300 |
| Lowest Yield Accepted (%) | 4.6425 | 4.5950 | 4.9150 | 4.5250 |
| Highest Yield Rejected (%) | 4.7175 | 4.6975 | 4.9950 | 4.6025 |
| Lowest Yield Rejected (%) | 4.6575 | 4.6250 | 4.9350 | 4.5300 |
| Weighted Average Accepted Yield (%) | 4.6445 | 4.6118 | 4.9252 | 4.5270 |
| Weighted Average Rejected Yield (%) | 4.6844 | 4.6493 | 4.9633 | 4.5501 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 50.00 | 71.40 | 50.00 |
| Coverage ratio | 3.72 | 2.82 | 4.12 | 4.84 |
*Individual allotments may vary due to rounding.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.