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NZ Govt Bond Tender #939; Tender Date 13 Mar 2025
13th Mar 25, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 939 held on 13 Mar, 2025.
Tender Date: Thursday, 13 Mar, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 18 Mar 2025
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| Mar 13 #939 | Sep 5 #918 | Aug 29 #917 | Aug 1 #914 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 250 | 225 | 250 | 300 |
| Total Amount Allocated ($million) | 250 | 225 | 250 | 300 |
| Total Number of Bids Received | 58 | 42 | 40 | 46 |
| Total Amount of Bids Received ($million) | 1,225 | 588 | 591 | 715 |
| Total Number of Successful Bids | 10 | 14 | 23 | 19 |
| Highest Yield Accepted (%) | 4.0875 | 3.8825 | 3.9800 | 4.0225 |
| Lowest Yield Accepted (%) | 4.0825 | 3.8625 | 3.9550 | 4.0075 |
| Highest Yield Rejected (%) | 4.1625 | 3.9400 | 4.0575 | 4.0775 |
| Lowest Yield Rejected (%) | 4.0875 | 3.8825 | 3.9800 | 4.0225 |
| Weighted Average Accepted Yield (%) | 4.0852 | 3.8728 | 3.9693 | 4.0164 |
| Weighted Average Rejected Yield (%) | 4.1072 | 3.9095 | 3.9973 | 4.0423 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 87.50 | 66.70 | 16.70 | 50.00 |
| Coverage ratio | 4.90 | 2.61 | 2.36 | 2.38 |
(2) Series Offered : 4.25% 15 May 2034
| Mar 13 #939 | 20 Feb #936 | 5 Dec #930 | 31 Oct #925 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 200 | 200 | 250 | 250 |
| Total Amount Allocated ($million) | 200 | 200 | 250 | 250 |
| Total Number of Bids Received | 50 | 48 | 37 | 45 |
| Total Amount of Bids Received ($million) | 1,010 | 968 | 478 | 779 |
| Total Number of Successful Bids | 11 | 12 | 27 | 10 |
| Highest Yield Accepted (%) | 4.5900 | 4.5900 | 4.3875 | 4.5100 |
| Lowest Yield Accepted (%) | 4.5825 | 4.5750 | 4.3400 | 4.5000 |
| Highest Yield Rejected (%) | 4.6750 | 4.6900 | 4.4625 | 4.5825 |
| Lowest Yield Rejected (%) | 4.5900 | 4.5900 | 4.3875 | 4.5100 |
| Weighted Average Accepted Yield (%) | 4.5881 | 4.5862 | 4.3587 | 4.5059 |
| Weighted Average Rejected Yield (%) | 4.6157 | 4.6134 | 4.4037 | 4.5327 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 81.50 | 54.50 | 25.70 | 43.80 |
| Coverage ratio | 5.05 | 4.84 | 1.91 | 3.11 |
(3) Series Offered : 5.00% 15 May 2054
| Mar 13 #939 | Nov 7- #924 | Jun 20- #908 | |
| Series Offered : 1.75% 15 May 2041 | |||
| Total Amount Offered ($million) | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 50 |
| Total Number of Bids Received | 48 | 28 | 20 |
| Total Amount of Bids Received ($million) | 252 | 180 | 75 |
| Total Number of Successful Bids | 12 | 10 | 15 |
| Highest Yield Accepted (%) | 5.2575 | 5.1575 | 4.9400 |
| Lowest Yield Accepted (%) | 5.2425 | 5.1425 | 4.9050 |
| Highest Yield Rejected (%) | 5.3550 | 5.2175 | 4.9850 |
| Lowest Yield Rejected (%) | 5.2575 | 5.1600 | 4.9400 |
| Weighted Average Accepted Yield (%) | 5.2532 | 5.1490 | 4.9292 |
| Weighted Average Rejected Yield (%) | 5.2840 | 5.1777 | 4.9512 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 10.00 | 100.00 | |
| Coverage ratio | 5.04 | 3.60 | 3.10 |
*Individual allotments may vary due to rounding.
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