sign up log in
Want to go ad-free? Find out how, here.

NZ Govt Bond Tender #896; Tender Date 14 Mar 2024

Bonds / news
NZ Govt Bond Tender #896; Tender Date 14 Mar 2024
NZ Treasury building

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.

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.