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NZ Govt Bond Tender #894; Tender Date 29 Feb 2024
29th Feb 24, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 894 held on Feb 29, 2024.
Tender Date: Thursday, Feb 9, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 5 Mar 2024
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Feb 29- #894 | Jan 18- #889 | Oct 5- #878 | Sep 21- #876 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 300 | 275 | 225 | 200 |
| Total Amount Allocated ($million) | 300 | 275 | 225 | 200 |
| Total Number of Bids Received | 36 | 33 | 42 | 29 |
| Total Amount of Bids Received ($million) | 783 | 336 | 410 | 460 |
| Total Number of Successful Bids | 6 | 30 | 26 | 14 |
| Highest Yield Accepted (%) | 4.5575 | 4.4300 | 5.4900 | 5.2175 |
| Lowest Yield Accepted (%) | 4.5500 | 4.3950 | 5.4400 | 5.1925 |
| Highest Yield Rejected (%) | 4.6200 | 4.4500 | 5.6000 | 5.2975 |
| Lowest Yield Rejected (%) | 4.5575 | 4.4300 | 5.4900 | 5.2175 |
| Weighted Average Accepted Yield (%) | 4.5528 | 4.4118 | 5.4614 | 5.2077 |
| Weighted Average Rejected Yield (%) | 4.5774 | 4.4423 | 5.5371 | 5.2475 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 60.00 | 69.20 | 94.10 | 50.00 |
| Coverage ratio | 2.61 | 1.22 | 1.82 | 2.30 |
(2) Series Offered : 3.50% 14 Apr 2033
| Feb 29- #894 | Feb 15 #893 | Feb 8 #892 | Feb 1 #891 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 150 | 150 | 150 | 175 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 175 |
| Total Number of Bids Received | 24 | 33 | 40 | 25 |
| Total Amount of Bids Received ($million) | 278 | 472 | 424 | 231 |
| Total Number of Successful Bids | 16 | 10 | 23 | 14 |
| Highest Yield Accepted (%) | 4.7300 | 4.8200 | 4.7550 | 4.5425 |
| Lowest Yield Accepted (%) | 4.6800 | 4.8075 | 4.7150 | 4.4875 |
| Highest Yield Rejected (%) | 4.7750 | 4.9025 | 4.8050 | 4.5775 |
| Lowest Yield Rejected (%) | 4.7300 | 4.8200 | 4.7550 | 4.5475 |
| Weighted Average Accepted Yield (%) | 4.7152 | 4.8129 | 4.7454 | 4.5127 |
| Weighted Average Rejected Yield (%) | 4.7443 | 4.8341 | 4.7717 | 4.5593 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 14.00 | 15.40 | ||
| Coverage ratio | 1.85 | 3.15 | 2.82 | 1.32 |
(3) Series Offered : 1.75% 15 May 2041
| Feb 29- #894 | Oct 20- #880 | Oct 5- #878 | Sep 14 #875 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 50 | 200 | 50 | 100 |
| Total Amount Allocated ($million) | 50 | 200 | 50 | 100 |
| Total Number of Bids Received | 19 | 42 | 23 | 41 |
| Total Amount of Bids Received ($million) | 135 | 738 | 167 | 221 |
| Total Number of Successful Bids | 7 | 3 | 3 | 19 |
| Highest Yield Accepted (%) | 4.9650 | 5.4400 | 5.7475 | 5.1750 |
| Lowest Yield Accepted (%) | 4.9525 | 5.4325 | 5.7450 | 5.1575 |
| Highest Yield Rejected (%) | 5.0300 | 5.5475 | 5.8200 | 5.2425 |
| Lowest Yield Rejected (%) | 4.9650 | 5.4400 | 5.7475 | 5.1750 |
| Weighted Average Accepted Yield (%) | 4.9569 | 5.4381 | 5.7462 | 5.1676 |
| Weighted Average Rejected Yield (%) | 4.9931 | 5.4655 | 5.7654 | 5.2076 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 5.90 | 88.20 | 50.00 | 83.30 |
| Coverage ratio | 2.70 | 3.69 | 3.34 | 2.21 |
*Individual allotments may vary due to rounding.
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