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NZ Govt Bond Tender #941; Tender Date 27 Mar 2025
27th Mar 25, 2:50pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 941 held on 27 Mar, 2025.
Tender Date: Thursday, 27 Mar, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 1 Apr 2025
(1) Series Offered : 3.00% 20 Apr 2029
| 27 Mar #941 | 27 Feb #937 | 15 Jan #932 | 5 Dec #930 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 250 | 225 | 250 | 200 |
| Total Amount Allocated ($million) | 250 | 225 | 250 | 200 |
| Total Number of Bids Received | 35 | 48 | 44 | 40 |
| Total Amount of Bids Received ($million) | 765 | 959 | 697 | 710 |
| Total Number of Successful Bids | 10 | 13 | 24 | 12 |
| Highest Yield Accepted (%) | 3.9325 | 3.9575 | 4.0275 | 3.9000 |
| Lowest Yield Accepted (%) | 3.9050 | 3.9450 | 3.9925 | 3.8825 |
| Highest Yield Rejected (%) | 4.0350 | 4.0575 | 4.1200 | 4.0150 |
| Lowest Yield Rejected (%) | 3.9325 | 3.9575 | 4.0275 | 3.9025 |
| Weighted Average Accepted Yield (%) | 3.9202 | 3.9518 | 4.0132 | 3.8929 |
| Weighted Average Rejected Yield (%) | 3.9602 | 3.9813 | 4.0552 | 3.9322 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 72.70 | 54.10 | 48.00 | 100.00 |
| Coverage ratio | 3.06 | 4.26 | 2.78 | 3.55 |
(2) Series Offered : 4.25% 15 May 2036
| 27 Mar #941 | Mar 20 #940 | 6 Mar #938 | Jan 30- #934 | |
| Series Offered : 4.25% 15 May 2036 | ||||
| Total Amount Offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of Bids Received | 33 | 39 | 47 | 51 |
| Total Amount of Bids Received ($million) | 530 | 820 | 550 | 759 |
| Total Number of Successful Bids | 11 | 13 | 25 | 16 |
| Highest Yield Accepted (%) | 4.7625 | 4.6875 | 4.8050 | 4.6650 |
| Lowest Yield Accepted (%) | 4.7450 | 4.6750 | 4.7700 | 4.6425 |
| Highest Yield Rejected (%) | 4.8325 | 4.7450 | 4.8925 | 4.7725 |
| Lowest Yield Rejected (%) | 4.7625 | 4.6875 | 4.8050 | 4.6650 |
| Weighted Average Accepted Yield (%) | 4.7536 | 4.6827 | 4.7856 | 4.6599 |
| Weighted Average Rejected Yield (%) | 4.7908 | 4.7077 | 4.8354 | 4.6950 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 33.30 | 42.90 | 40.00 | 35.20 |
| Coverage ratio | 2.65 | 4.10 | 2.75 | 3.79 |
(3) Series Offered : 5.00% 15 May 2054
| 27 Mar #941 | Mar 20 #940 | Mar 13 #939 | Nov 7- #924 | |
| 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 | 22 | 31 | 48 | 28 |
| Total Amount of Bids Received ($million) | 140 | 242 | 252 | 180 |
| Total Number of Successful Bids | 12 | 8 | 12 | 10 |
| Highest Yield Accepted (%) | 5.2675 | 5.1950 | 5.2575 | 5.1575 |
| Lowest Yield Accepted (%) | 5.2425 | 5.1800 | 5.2425 | 5.1425 |
| Highest Yield Rejected (%) | 5.3525 | 5.2675 | 5.3550 | 5.2175 |
| Lowest Yield Rejected (%) | 5.2675 | 5.1950 | 5.2575 | 5.1600 |
| Weighted Average Accepted Yield (%) | 5.2552 | 5.1898 | 5.2532 | 5.1490 |
| Weighted Average Rejected Yield (%) | 5.3002 | 5.2256 | 5.2840 | 5.1777 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 14.30 | 52.00 | 10.00 | 100.00 |
| Coverage ratio | 2.80 | 4.84 | 5.04 | 3.60 |
*Individual allotments may vary due to rounding.
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