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NZ Govt Bond Tender #934; Tender Date 30 Jan 2025
30th Jan 25, 2:45pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 934 held on Jan 30, 2025.
Tender Date: Thursday, Jan 30, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 4 Feb 2025
(1) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Jan 30- #934 | Jan 25- #933 | Oct 17- #924 | Oct 3 #922 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 200 | 200 | 175 | 250 |
| Total Amount Allocated ($million) | 200 | 200 | 175 | 250 |
| Total Number of Bids Received | 49 | 42 | 30 | 24 |
| Total Amount of Bids Received ($million) | 651 | 780 | 402 | 411 |
| Total Number of Successful Bids | 18 | 7 | 13 | 16 |
| Highest Yield Accepted (%) | 4.1675 | 4.2475 | 4.1950 | 4.0400 |
| Lowest Yield Accepted (%) | 4.1350 | 4.2425 | 4.1750 | 4.0000 |
| Highest Yield Rejected (%) | 4.2600 | 4.3525 | 4.2750 | 4.1200 |
| Lowest Yield Rejected (%) | 4.1675 | 4.2475 | 4.1950 | 4.0400 |
| Weighted Average Accepted Yield (%) | 4.1588 | 4.2440 | 4.1892 | 4.0176 |
| Weighted Average Rejected Yield (%) | 4.1961 | 4.2770 | 4.2160 | 4.0737 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 81.70 | 50.00 | 58.50 | 33.30 |
| Coverage ratio | 3.25 | 3.90 | 2.29 | 1.64 |
(2) Series Offered : 4.25% 15 May 2036
| Jan 30- #934 | Jan 25- #933 | |
| Series Offered : 4.25% 15 May 2036 | ||
| Total Amount Offered ($million) | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 |
| Total Number of Bids Received | 51 | 40 |
| Total Amount of Bids Received ($million) | 759 | 587 |
| Total Number of Successful Bids | 16 | 14 |
| Highest Yield Accepted (%) | 4.6650 | 4.7550 |
| Lowest Yield Accepted (%) | 4.6425 | 4.7450 |
| Highest Yield Rejected (%) | 4.7725 | 4.8325 |
| Lowest Yield Rejected (%) | 4.6650 | 4.7550 |
| Weighted Average Accepted Yield (%) | 4.6599 | 4.7511 |
| Weighted Average Rejected Yield (%) | 4.6950 | 4.7851 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 35.20 | 90.00 |
| Coverage ratio | 3.79 | 2.93 |
(3) Series Offered : 1.75% 15 May 2041
| Jan 30- #934 | Jan 25- #933 | 16 Jan #932 | 28 Nov #929 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 100 | 100 | 75 | 75 |
| Total Amount Allocated ($million) | 100 | 100 | 75 | 75 |
| Total Number of Bids Received | 44 | 42 | 38 | 36 |
| Total Amount of Bids Received ($million) | 314 | 393 | 394 | 271 |
| Total Number of Successful Bids | 17 | 8 | 5 | 15 |
| Highest Yield Accepted (%) | 4.9625 | 5.0475 | 5.1400 | 4.8575 |
| Lowest Yield Accepted (%) | 4.9400 | 5.0300 | 5.1375 | 4.8450 |
| Highest Yield Rejected (%) | 5.0525 | 5.1300 | 5.2025 | 4.9125 |
| Lowest Yield Rejected (%) | 4.9625 | 5.0475 | 5.1400 | 4.8575 |
| Weighted Average Accepted Yield (%) | 4.9542 | 5.0367 | 5.1398 | 4.8505 |
| Weighted Average Rejected Yield (%) | 4.9925 | 5.0738 | 5.1659 | 4.8791 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 41.20 | 64.30 | 66.70 | 33.30 |
| Coverage ratio | 3.14 | 3.93 | 5.25 | 3.61 |
*Individual allotments may vary due to rounding.
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