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NZ Govt Bond Tender #935; Tender Date 5 Feb 2025
5th Feb 25, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 935 held on Feb 5, 2025.
Tender Date: Thursday, Feb 5, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 11 Feb 2025
(1) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| 5 Feb #935 | Aug 15 #916 | Mar 7 #895 | Feb 15 #893 | |
| Series Offered : 4.50% 15 Apr 2027 | ||||
| Total Amount offered ($million) | 225 | 225 | 300 | 275 |
| Total Amount Allocated ($million) | 225 | 225 | 300 | 275 |
| Total Number of bids Received | 42 | 37 | 26 | 31 |
| Total Amount of bids Received ($million) | 1,257 | 675 | 507 | 1,046 |
| Total Number of Successful bids | 9 | 8 | 17 | 7 |
| Highest Yield Accepted (%) | 3.5450 | 3.7175 | 4.5575 | 4.8025 |
| Lowest Yield Accepted (%) | 3.5375 | 3.7100 | 4.5325 | 4.7975 |
| Highest Yield Rejected (%) | 3.6025 | 3.8500 | 4.5875 | 4.8925 |
| Lowest Yield Rejected (%) | 3.5450 | 3.7175 | 4.5575 | 4.8025 |
| Weighted Average Accepted Yield (%) | 3.5423 | 3.7129 | 4.5426 | 4.7996 |
| Weighted Average Rejected Yield (%) | 3.5646 | 3.7511 | 4.5724 | 4.8147 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 48.50 | 20.00 | 72.00 | 48.90 |
| Coverage ratio | 5.50 | 3.00 | 1.69 | 3.80 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| 5 Feb #935 | 21 Nov #928 | 13 Jun #907 | May 23 #905 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 225 | 225 | 200 | 175 |
| Total Amount Allocated ($million) | 225 | 225 | 200 | 175 |
| Total Number of Bids Received | 51 | 31 | 27 | 20 |
| Total Amount of Bids Received ($million) | 882 | 385 | 415 | 227 |
| Total Number of Successful Bids | 10 | 25 | 16 | 16 |
| Highest Yield Accepted (%) | 4.2600 | 4.5675 | 4.6125 | 4.7000 |
| Lowest Yield Accepted (%) | 4.2500 | 4.5175 | 4.5775 | 4.6600 |
| Highest Yield Rejected (%) | 4.3350 | 4.6200 | 4.6675 | 4.7125 |
| Lowest Yield Rejected (%) | 4.2600 | 4.5675 | 4.6150 | 4.7000 |
| Weighted Average Accepted Yield (%) | 4.2563 | 4.5419 | 4.5993 | 4.6748 |
| Weighted Average Rejected Yield (%) | 4.2799 | 4.5830 | 4.6423 | 4.7078 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 47.60 | 12.50 | 100.00 | 50.00 |
| Coverage ratio | 3.92 | 1.71 | 2.07 | 1.29 |
(3) Series Offered : 2.75% 15 May 2051
| 5 Feb #935 | Aug 29 #917 | Apr 18 #900 | Apr 11 #899 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 35 | 17 | 19 | 20 |
| Total Amount of Bids Received ($million) | 209 | 76 | 101 | 131 |
| Total Number of Successful Bids | 7 | 11 | 11 | 8 |
| Highest Yield Accepted (%) | 5.0875 | 4.7475 | 5.1750 | 5.0475 |
| Lowest Yield Accepted (%) | 5.0825 | 4.7125 | 5.1500 | 5.0275 |
| Highest Yield Rejected (%) | 5.1700 | 4.8050 | 5.1950 | 5.0800 |
| Lowest Yield Rejected (%) | 5.0900 | 4.7450 | 5.1750 | 5.0475 |
| Weighted Average Accepted Yield (%) | 5.0855 | 4.7246 | 5.1598 | 5.0400 |
| Weighted Average Rejected Yield (%) | 5.1236 | 4.7577 | 5.1878 | 5.0576 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 33.30 | 56.0 | 66.7 |
| Coverage ratio | 4.18 | 1.52 | 2.02 | 2.62 |
*Individual allotments may vary due to rounding.
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