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NZ Govt Bond Tender #940; Tender Date 20 Mar 2025
20th Mar 25, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 940 held on 20 Mar, 2025.
Tender Date: Thursday, 20 Mar, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 25 Mar 2025
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| Mar 20 #940 | Mar 13 #939 | Sep 5 #918 | Aug 29 #917 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 250 | 250 | 225 | 250 |
| Total Amount Allocated ($million) | 250 | 250 | 225 | 250 |
| Total Number of Bids Received | 46 | 58 | 42 | 40 |
| Total Amount of Bids Received ($million) | 1,011 | 1,225 | 588 | 591 |
| Total Number of Successful Bids | 10 | 10 | 14 | 23 |
| Highest Yield Accepted (%) | 4.0450 | 4.0875 | 3.8825 | 3.9800 |
| Lowest Yield Accepted (%) | 4.0400 | 4.0825 | 3.8625 | 3.9550 |
| Highest Yield Rejected (%) | 4.0975 | 4.1625 | 3.9400 | 4.0575 |
| Lowest Yield Rejected (%) | 4.0450 | 4.0875 | 3.8825 | 3.9800 |
| Weighted Average Accepted Yield (%) | 4.0424 | 4.0852 | 3.8728 | 3.9693 |
| Weighted Average Rejected Yield (%) | 4.0653 | 4.1072 | 3.9095 | 3.9973 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 72.70 | 87.50 | 66.70 | 16.70 |
| Coverage ratio | 4.04 | 4.90 | 2.61 | 2.36 |
(2) Series Offered : 4.25% 15 May 2036
| Mar 20 #940 | 6 Mar #938 | Jan 30- #934 | Jan 25- #933 | |
| Series Offered : 4.25% 15 May 2036 | ||||
| Total Amount Offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of Bids Received | 39 | 47 | 51 | 40 |
| Total Amount of Bids Received ($million) | 820 | 550 | 759 | 587 |
| Total Number of Successful Bids | 13 | 25 | 16 | 14 |
| Highest Yield Accepted (%) | 4.6875 | 4.8050 | 4.6650 | 4.7550 |
| Lowest Yield Accepted (%) | 4.6750 | 4.7700 | 4.6425 | 4.7450 |
| Highest Yield Rejected (%) | 4.7450 | 4.8925 | 4.7725 | 4.8325 |
| Lowest Yield Rejected (%) | 4.6875 | 4.8050 | 4.6650 | 4.7550 |
| Weighted Average Accepted Yield (%) | 4.6827 | 4.7856 | 4.6599 | 4.7511 |
| Weighted Average Rejected Yield (%) | 4.7077 | 4.8354 | 4.6950 | 4.7851 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 42.90 | 40.00 | 35.20 | 90.00 |
| Coverage ratio | 4.10 | 2.75 | 3.79 | 2.93 |
(3) Series Offered : 5.00% 15 May 2054
| Mar 20 #940 | Mar 13 #939 | Nov 7- #924 | Jun 20- #908 | |
| Series Offered : 5.00% 15 May 2054 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 31 | 48 | 28 | 20 |
| Total Amount of Bids Received ($million) | 242 | 252 | 180 | 75 |
| Total Number of Successful Bids | 8 | 12 | 10 | 15 |
| Highest Yield Accepted (%) | 5.1950 | 5.2575 | 5.1575 | 4.9400 |
| Lowest Yield Accepted (%) | 5.1800 | 5.2425 | 5.1425 | 4.9050 |
| Highest Yield Rejected (%) | 5.2675 | 5.3550 | 5.2175 | 4.9850 |
| Lowest Yield Rejected (%) | 5.1950 | 5.2575 | 5.1600 | 4.9400 |
| Weighted Average Accepted Yield (%) | 5.1898 | 5.2532 | 5.1490 | 4.9292 |
| Weighted Average Rejected Yield (%) | 5.2256 | 5.2840 | 5.1777 | 4.9512 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 52.00 | 10.00 | 100.00 | |
| Coverage ratio | 4.84 | 5.04 | 3.60 | 3.10 |
*Individual allotments may vary due to rounding.
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