Bonds
Latest bond tender of NZ$200 mln received bids for $603 mln with weighted average accepted yield of 2.6339% (versus 2.6314% previously)
7th Nov 13, 2:26pm
by
The New Zealand Debt Management Office (NZDMO) auctioned $200 million 20 September 2025 inflation-indexed New Zealand Government bonds with a successful weighted average yield of 2.6339%.
Inflation is currently running at approximately 1.2% which would mean a nominal yield of 3.8339%.
By comparison the yield on 10-year NZ government stock (maturing 2023) which is not inflation adjusted is trading at approximately 4.67% p.a. (previously 4.58%)
This latest tender was also over-subscribed with a coverage ratio of 3.015 times.
| Today | Previous | |
| Series Offered | 2.00% 20 Sept 2025 | 2.00% 20 Sept 2025 |
| Total Amount Offered ($million) | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 |
| Total Number of Bids Received | 71 | 51 |
| Total Amount of Bids Received ($million) | 603 | 251 |
| Total Number of Successful Bids | 24 | 40 |
| Highest Yield Accepted (%) | 2.660 | 2.700 |
| Lowest Yield Accepted (%) | 2.565 | 2.590 |
| Highest Yield Rejected (%) | 2.820 | 2.890 |
| Lowest Yield Rejected (%) | 2.670 | 2.700 |
| Weighted Average Accepted Yield (%) | 2.6339 | 2.6314 |
| Weighted Average Rejected Yield (%) | 2.7256 | 2.7369 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100 | 90 |
| Coverage Ratio | 3.015 | 1.2550 |
*Individual allotments may vary due to rounding.
Tender Date: Thu, 7 November 2013
Settlement Date: Tue, 12 November 2013
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