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NZ Govt Bond Tender #900; Tender Date 18 Apr 2024
18th Apr 24, 2:45pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 900 held on Apr 18, 2024.
Tender Date: Thursday, Apr 18, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 23 Apr 2024
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| Apr 18 #900 | Feb 1 #891 | Dec 14 #888 | Nov 24 #886 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 275 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 275 | 200 | 200 | 200 |
| Total Number of Bids Received | 28 | 34 | 49 | 55 |
| Total Amount of Bids Received ($million) | 695 | 393 | 707 | 751 |
| Total Number of Successful Bids | 11 | 19 | 12 | 13 |
| Highest Yield Accepted (%) | 4.7325 | 4.4400 | 4.4525 | 4.7850 |
| Lowest Yield Accepted (%) | 4.7200 | 4.3525 | 4.4400 | 4.7750 |
| Highest Yield Rejected (%) | 4.7925 | 4.4450 | 4.5175 | 4.8300 |
| Lowest Yield Rejected (%) | 4.7325 | 4.4000 | 4.4525 | 4.7850 |
| Weighted Average Accepted Yield (%) | 4.7271 | 4.3768 | 4.4454 | 4.7806 |
| Weighted Average Rejected Yield (%) | 4.7451 | 4.4173 | 4.4709 | 4.7972 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 70.60 | 63.20 | ||
| Coverage ratio | 2.53 | 1.57 | 3.53 | 3.75 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Apr 18 #900 | Apr 11 #899 | Mar 14- #896 | Mar 7 #895 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 175 | 175 | 225 | 150 |
| Total Amount Allocated ($million) | 175 | 175 | 225 | 150 |
| Total Number of Bids Received | 34 | 34 | 31 | 27 |
| Total Amount of Bids Received ($million) | 607 | 557 | 684 | 577 |
| Total Number of Successful Bids | 11 | 10 | 9 | 6 |
| Highest Yield Accepted (%) | 4.8250 | 4.7250 | 4.5650 | 4.5525 |
| Lowest Yield Accepted (%) | 4.8150 | 4.7175 | 4.5525 | 4.5450 |
| Highest Yield Rejected (%) | 4.8950 | 4.7725 | 4.5900 | 4.6075 |
| Lowest Yield Rejected (%) | 4.8250 | 4.7250 | 4.5650 | 4.5550 |
| Weighted Average Accepted Yield (%) | 4.8196 | 4.7220 | 4.5606 | 4.5494 |
| Weighted Average Rejected Yield (%) | 4.8360 | 4.7408 | 4.5752 | 4.5655 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 40.00 | 33.30 | 76.70 | 100.00 |
| Coverage ratio | 3.47 | 3.18 | 3.04 | 3.84 |
(3) Series Offered : 2.75% 15 May 2051
| Apr 18 #900 | Apr 11 #899 | Feb 15 #893 | Feb 1 #891 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 50 | 50 | 75 | 75 |
| Total Amount Allocated ($million) | 50 | 50 | 75 | 75 |
| Total Number of Bids Received | 19 | 20 | 28 | 33 |
| Total Amount of Bids Received ($million) | 101 | 131 | 271 | 141 |
| Total Number of Successful Bids | 11 | 8 | 7 | 10 |
| Highest Yield Accepted (%) | 5.1750 | 5.0475 | 5.0800 | 4.8275 |
| Lowest Yield Accepted (%) | 5.1500 | 5.0275 | 5.0675 | 4.8025 |
| Highest Yield Rejected (%) | 5.1950 | 5.0800 | 5.1600 | 4.8775 |
| Lowest Yield Rejected (%) | 5.1750 | 5.0475 | 5.0800 | 4.8275 |
| Weighted Average Accepted Yield (%) | 5.1598 | 5.0400 | 5.0750 | 4.8099 |
| Weighted Average Rejected Yield (%) | 5.1878 | 5.0576 | 5.1005 | 4.8444 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 56.0 | 66.7 | 25.0 | |
| Coverage ratio | 2.02 | 2.62 | 3.61 | 1.88 |
*Individual allotments may vary due to rounding.
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