Bonds
Latest bond tender of NZ$200 mln received bids for $268 mln with weighted average accepted yield of 2.7552% (versus 2.6339% previously)
21st Nov 13, 2:10pm
by
The New Zealand Debt Management Office (NZDMO) auctioned $200 million 20 September 2025 inflation-indexed New Zealand Government bonds with a successful weighted average yield of 2.7552%
Inflation is currently running at approximately 1.2% which would mean a nominal yield of 3.9552%.
By comparison the yield on 10-year NZ government stock (maturing 2023) which is not inflation adjusted is trading at approximately 4.70% p.a. (previously 4.67%)
This latest tender was also over-subscribed with a coverage ratio of 1.34 times.
| Today | Previous | |
| Series Offered | 2.00% 20 Sept 2025 | 2.00% 20 Sept 2025 |
| Total Amount Offered ($million) |
200 |
200 |
| Total Amount Allocated ($million) | 200 | 200 |
| Total Number of Bids Received | 32 | 71 |
| Total Amount of Bids Received ($million) | 268 | 603 |
| Total Number of Successful Bids | 25 | 24 |
| Highest Yield Accepted (%) | 2.850 | 2.660 |
| Lowest Yield Accepted (%) | 2.670 | 2.565 |
| Highest Yield Rejected (%) | 2.990 | 2.820 |
| Lowest Yield Rejected (%) | 2.850 | 2.670 |
| Weighted Average Accepted Yield (%) | 2.7552 | 2.6339 |
| Weighted Average Rejected Yield (%) | 2.8862 | 2.7256 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 44 | 100 |
| Coverage Ratio | 1.340 | 3.015 |
*Individual allotments may vary due to rounding.
Tender Date: Thu, 21 November 2013
Settlement Date: Tue, 26 November 2013
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