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NZ Govt Bond Tender #896; Tender Date 14 Mar 2024
14th Mar 24, 2:45pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 896 held on Mar 14, 2024.
Tender Date: Thursday, Mar 14, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 19 Mar 2024
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Mar 14- #896 | Feb 29- #894 | Jan 18- #889 | Oct 5- #878 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 275 | 300 | 275 | 225 |
| Total Amount Allocated ($million) | 275 | 300 | 275 | 225 |
| Total Number of Bids Received | 27 | 36 | 33 | 42 |
| Total Amount of Bids Received ($million) | 563 | 783 | 336 | 410 |
| Total Number of Successful Bids | 20 | 6 | 30 | 26 |
| Highest Yield Accepted (%) | 4.4750 | 4.5575 | 4.4300 | 5.4900 |
| Lowest Yield Accepted (%) | 4.4500 | 4.5500 | 4.3950 | 5.4400 |
| Highest Yield Rejected (%) | 4.5150 | 4.6200 | 4.4500 | 5.6000 |
| Lowest Yield Rejected (%) | 4.4750 | 4.5575 | 4.4300 | 5.4900 |
| Weighted Average Accepted Yield (%) | 4.4610 | 4.5528 | 4.4118 | 5.4614 |
| Weighted Average Rejected Yield (%) | 4.4908 | 4.5774 | 4.4423 | 5.5371 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 14.30 | 60.00 | 69.20 | 94.10 |
| Coverage ratio | 2.04 | 2.61 | 1.22 | 1.82 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Mar 14- #896 | Mar 7 #895 | Nov 24 #886 | Nov 16 #884 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 225 | 150 | 250 | 200 |
| Total Amount Allocated ($million) | 225 | 150 | 250 | 200 |
| Total Number of Bids Received | 31 | 27 | 63 | 48 |
| Total Amount of Bids Received ($million) | 684 | 577 | 666 | 641 |
| Total Number of Successful Bids | 9 | 6 | 19 | 11 |
| Highest Yield Accepted (%) | 4.5650 | 4.5525 | 4.8375 | 4.9775 |
| Lowest Yield Accepted (%) | 4.5525 | 4.5450 | 4.8250 | 4.9600 |
| Highest Yield Rejected (%) | 4.5900 | 4.6075 | 4.9425 | 5.0200 |
| Lowest Yield Rejected (%) | 4.5650 | 4.5550 | 4.8375 | 4.9775 |
| Weighted Average Accepted Yield (%) | 4.5606 | 4.5494 | 4.8306 | 4.9681 |
| Weighted Average Rejected Yield (%) | 4.5752 | 4.5655 | 4.8628 | 4.9906 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 76.70 | 100.00 | 51.40 | 83.30 |
| Coverage ratio | 3.04 | 3.84 | 2.66 | 3.21 |
*Individual allotments may vary due to rounding.
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