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NZ Govt Bond Tender #950; Tender Date 5 Jun 2025
5th Jun 25, 3:10pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 950 held on 5 Jun, 2025.
Tender Date: Thursday, 5 Jun, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 10 Jun 2025
(1) Series Offered : 3.00% 20 Apr 2029
| 5 Jun #950 | 23 May #948 | 8 May #946 | 17 Apr #944 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 200 | 250 | 225 | 275 |
| Total Amount Allocated ($million) | 200 | 250 | 225 | 275 |
| Total Number of Bids Received | 44 | 32 | 43 | 48 |
| Total Amount of Bids Received ($million) | 1,060 | 731 | 840 | 881 |
| Total Number of Successful Bids | 13 | 12 | 9 | 16 |
| Highest Yield Accepted (%) | 3.7225 | 3.7200 | 3.5975 | 3.6675 |
| Lowest Yield Accepted (%) | 3.7000 | 3.6900 | 3.5800 | 3.6300 |
| Highest Yield Rejected (%) | 3.8175 | 3.7700 | 3.6700 | 3.7175 |
| Lowest Yield Rejected (%) | 3.7225 | 3.7200 | 3.6000 | 3.6675 |
| Weighted Average Accepted Yield (%) | 3.7131 | 3.7091 | 3.5881 | 3.6556 |
| Weighted Average Rejected Yield (%) | 3.7445 | 3.7429 | 3.6249 | 3.6884 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 4.20 | 44.00 | 100.00 | 33.30 |
| Coverage ratio | 5.30 | 2.92 | 3.73 | 3.20 |
(2) Series Offered : 4.50% 15 May 2035
| 5 Jun #950 | 12 Dec #931 | 14 Nov #927 | Nov 7- #924 | |
| Series Offered : 4.50% 15 May 2035 | ||||
| Total Amount Offered ($million) | 200 | 225 | 250 | 250 |
| Total Amount Allocated ($million) | 200 | 225 | 250 | 250 |
| Total Number of Bids Received | 42 | 33 | 45 | 50 |
| Total Amount of Bids Received ($million) | 548 | 475 | 571 | 740 |
| Total Number of Successful Bids | 13 | 21 | 22 | 14 |
| Highest Yield Accepted (%) | 4.5575 | 4.5175 | 4.7975 | 4.6675 |
| Lowest Yield Accepted (%) | 4.5225 | 4.4750 | 4.7725 | 4.6600 |
| Highest Yield Rejected (%) | 4.6500 | 4.5775 | 4.9075 | 4.7725 |
| Lowest Yield Rejected (%) | 4.5575 | 4.5175 | 4.7975 | 4.6675 |
| Weighted Average Accepted Yield (%) | 4.5476 | 4.4937 | 4.7875 | 4.6636 |
| Weighted Average Rejected Yield (%) | 4.5920 | 4.5350 | 4.8390 | 4.6979 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 16.00 | 32.10 | 70.00 | 72.70 |
| Coverage ratio | 2.74 | 2.11 | 2.28 | 2.96 |
(3) Series Offered : 5.00% 15 May 2054
| 5 Jun #950 | May 1 #945 | Mar 20 #940 | Mar 13 #939 | |
| 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 | 41 | 32 | 31 | 48 |
| Total Amount of Bids Received ($million) | 160 | 142 | 242 | 252 |
| Total Number of Successful Bids | 18 | 16 | 8 | 12 |
| Highest Yield Accepted (%) | 5.2675 | 5.2050 | 5.1950 | 5.2575 |
| Lowest Yield Accepted (%) | 5.2475 | 5.1775 | 5.1800 | 5.2425 |
| Highest Yield Rejected (%) | 5.3300 | 5.2675 | 5.2675 | 5.3550 |
| Lowest Yield Rejected (%) | 5.2675 | 5.2050 | 5.1950 | 5.2575 |
| Weighted Average Accepted Yield (%) | 5.2574 | 5.1969 | 5.1898 | 5.2532 |
| Weighted Average Rejected Yield (%) | 5.2871 | 5.2288 | 5.2256 | 5.2840 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 9.10 | 60.90 | 52.00 | 10.00 |
| Coverage ratio | 3.20 | 2.84 | 4.84 | 5.04 |
*Individual allotments may vary due to rounding.
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