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NZ Govt Bond Tender #936; Tender Date 20 Feb 2025
20th Feb 25, 2:45pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 936 held on Feb 20, 2025.
Tender Date: Thursday, Feb 20, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 25 Feb 2025
(1) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| 20 Feb #936 | 5 Feb #935 | Aug 15 #916 | Mar 7 #895 | |
| Series Offered : 4.50% 15 Apr 2027 | ||||
| Total Amount offered ($million) | 250 | 225 | 225 | 300 |
| Total Amount Allocated ($million) | 250 | 225 | 225 | 300 |
| Total Number of bids Received | 46 | 42 | 37 | 26 |
| Total Amount of bids Received ($million) | 1,285 | 1,257 | 675 | 507 |
| Total Number of Successful bids | 12 | 9 | 8 | 17 |
| Highest Yield Accepted (%) | 3.7350 | 3.5450 | 3.7175 | 4.5575 |
| Lowest Yield Accepted (%) | 3.7175 | 3.5375 | 3.7100 | 4.5325 |
| Highest Yield Rejected (%) | 3.8425 | 3.6025 | 3.8500 | 4.5875 |
| Lowest Yield Rejected (%) | 3.7350 | 3.5450 | 3.7175 | 4.5575 |
| Weighted Average Accepted Yield (%) | 3.7301 | 3.5423 | 3.7129 | 4.5426 |
| Weighted Average Rejected Yield (%) | 3.7664 | 3.5646 | 3.7511 | 4.5724 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 88.90 | 48.50 | 20.00 | 72.00 |
| Coverage ratio | 5.14 | 5.50 | 3.00 | 1.69 |
(2) Series Offered : 4.25% 15 May 2034
| 20 Feb #936 | 5 Dec #930 | 31 Oct #925 | Oct 17- #924 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 200 | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 200 | 250 | 250 | 250 |
| Total Number of Bids Received | 48 | 37 | 45 | 45 |
| Total Amount of Bids Received ($million) | 968 | 478 | 779 | 639 |
| Total Number of Successful Bids | 12 | 27 | 10 | 17 |
| Highest Yield Accepted (%) | 4.5900 | 4.3875 | 4.5100 | 4.4200 |
| Lowest Yield Accepted (%) | 4.5750 | 4.3400 | 4.5000 | 4.4000 |
| Highest Yield Rejected (%) | 4.6900 | 4.4625 | 4.5825 | 4.5125 |
| Lowest Yield Rejected (%) | 4.5900 | 4.3875 | 4.5100 | 4.4200 |
| Weighted Average Accepted Yield (%) | 4.5862 | 4.3587 | 4.5059 | 4.4117 |
| Weighted Average Rejected Yield (%) | 4.6134 | 4.4037 | 4.5327 | 4.4466 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 54.50 | 25.70 | 43.80 | 13.00 |
| Coverage ratio | 4.84 | 1.91 | 3.11 | 2.55 |
(3) Series Offered : 1.75% 15 May 2041
| 20 Feb #936 | Jan 30- #934 | Jan 25- #933 | 16 Jan #932 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 50 | 100 | 100 | 75 |
| Total Amount Allocated ($million) | 50 | 100 | 100 | 75 |
| Total Number of Bids Received | 29 | 44 | 42 | 38 |
| Total Amount of Bids Received ($million) | 232 | 314 | 393 | 394 |
| Total Number of Successful Bids | 7 | 17 | 8 | 5 |
| Highest Yield Accepted (%) | 5.0575 | 4.9625 | 5.0475 | 5.1400 |
| Lowest Yield Accepted (%) | 5.0500 | 4.9400 | 5.0300 | 5.1375 |
| Highest Yield Rejected (%) | 5.1175 | 5.0525 | 5.1300 | 5.2025 |
| Lowest Yield Rejected (%) | 5.0600 | 4.9625 | 5.0475 | 5.1400 |
| Weighted Average Accepted Yield (%) | 5.0530 | 4.9542 | 5.0367 | 5.1398 |
| Weighted Average Rejected Yield (%) | 5.0874 | 4.9925 | 5.0738 | 5.1659 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 41.20 | 64.30 | 66.70 |
| Coverage ratio | 4.64 | 3.14 | 3.93 | 5.25 |
*Individual allotments may vary due to rounding.
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