Bonds
Latest bond tender of NZ$300 mln received bids for $446 mln with weighted average accepted yield of 2.2455% (versus 1.4804% previously)
5th Jul 13, 10:44am
by
The New Zealand Debt Management Office (NZDMO) auctioned $300 million 20 September 2025 inflation-indexed New Zealand Government bonds with a successful weighted average yield of 2.2455%.
Inflation is currently running at 0.95% which would mean a nominal yield of 3.1955%.
By comparison the yield on 10-year NZ government stock which is not inflation adjusted is trading at approximately 4.31% p.a. (previously 3.59%)
This latest tender was also over-subscribed with a coverage ratio of 1.4867 times.
| Current | Previous | |
| Series Offered | 2.00% 20 Sept 2025 | 2.00% 20 Sept 2025 |
| Total Amount Offered ($million) | 300 | 200 |
| Total Amount Allocated ($million) | 300 | 200 |
| Total Number of Bids Received | 47 | 39 |
| Total Amount of Bids Received ($million) | 446 | 454 |
| Total Number of Successful Bids | 37 | 11 |
| Highest Yield Accepted (%) | 2.330 | 1.500 |
| Lowest Yield Accepted (%) | 2.100 | 1.450 |
| Highest Yield Rejected (%) | 2.430 | 1.780 |
| Lowest Yield Rejected (%) | 2.340 | 1.510 |
| Weighted Average Accepted Yield (%) | 2.2455 | 1.4804 |
| Weighted Average Rejected Yield (%) | 2.3663 | 1.5578 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 68 | 89 |
| Coverage Ratio | 1.4867 | 2.27 |
*Individual allotments may vary due to rounding.
Tender Date: Thu, 4 July 2013
Settlement Date: Tue, 9 July 2013
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.