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NZ Govt Bond Tender #938; Tender Date 6 Mar 2025
6th Mar 25, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 938 held on Mar 6, 2024.
Tender Date: Thursday, Mar 6, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 11 Mar 2025
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| 6 Mar #938 | 12 Dec #931 | Nov 7- #924 | Oct 15- #923 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 250 | 250 | 200 | 200 |
| Total Amount Allocated ($million) | 250 | 250 | 200 | 200 |
| Total Number of Bids Received | 45 | 36 | 32 | 33 |
| Total Amount of Bids Received ($million) | 1,008 | 903 | 490 | 445 |
| Total Number of Successful Bids | 14 | 6 | 18 | 25 |
| Highest Yield Accepted (%) | 3.8550 | 3.8175 | 3.9650 | 3.8400 |
| Lowest Yield Accepted (%) | 3.8375 | 3.8075 | 3.9375 | 3.7975 |
| Highest Yield Rejected (%) | 3.9450 | 3.9150 | 4.0450 | 3.8800 |
| Lowest Yield Rejected (%) | 3.8550 | 3.8175 | 3.9650 | 3.8400 |
| Weighted Average Accepted Yield (%) | 3.8457 | 3.8120 | 3.9485 | 3.8191 |
| Weighted Average Rejected Yield (%) | 3.8848 | 3.8458 | 3.9943 | 3.8573 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 56.90 | 54.20 | 66.70 | 60.00 |
| Coverage ratio | 4.0320 | 3.6120 | 2.45 | 2.22 |
(2) Series Offered : 4.25% 15 May 2036
| 6 Mar #938 | Jan 30- #934 | Jan 25- #933 | |
| Series Offered : 4.25% 15 May 2036 | |||
| Total Amount Offered ($million) | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 |
| Total Number of Bids Received | 47 | 51 | 40 |
| Total Amount of Bids Received ($million) | 550 | 759 | 587 |
| Total Number of Successful Bids | 25 | 16 | 14 |
| Highest Yield Accepted (%) | 4.8050 | 4.6650 | 4.7550 |
| Lowest Yield Accepted (%) | 4.7700 | 4.6425 | 4.7450 |
| Highest Yield Rejected (%) | 4.8925 | 4.7725 | 4.8325 |
| Lowest Yield Rejected (%) | 4.8050 | 4.6650 | 4.7550 |
| Weighted Average Accepted Yield (%) | 4.7856 | 4.6599 | 4.7511 |
| Weighted Average Rejected Yield (%) | 4.8354 | 4.6950 | 4.7851 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 40.00 | 35.20 | 90.00 |
| Coverage ratio | 2.75 | 3.79 | 2.93 |
(3) Series Offered : 1.75% 15 May 2041
| 6 Mar #938 | 27 Feb #937 | 20 Feb #936 | Jan 30- #934 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 100 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 100 |
| Total Number of Bids Received | 35 | 26 | 29 | 44 |
| Total Amount of Bids Received ($million) | 210 | 209 | 232 | 314 |
| Total Number of Successful Bids | 7 | 6 | 7 | 17 |
| Highest Yield Accepted (%) | 5.0825 | 4.9700 | 5.0575 | 4.9625 |
| Lowest Yield Accepted (%) | 5.0700 | 4.9550 | 5.0500 | 4.9400 |
| Highest Yield Rejected (%) | 5.1975 | 5.0575 | 5.1175 | 5.0525 |
| Lowest Yield Rejected (%) | 5.0850 | 4.9700 | 5.0600 | 4.9625 |
| Weighted Average Accepted Yield (%) | 5.0758 | 4.9612 | 5.0530 | 4.9542 |
| Weighted Average Rejected Yield (%) | 5.1302 | 5.0011 | 5.0874 | 4.9925 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 59.10 | 100.00 | 41.20 |
| Coverage ratio | 4.20 | 4.18 | 4.64 | 3.14 |
*Individual allotments may vary due to rounding.
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