Bonds
/ news
NZ Govt Bond Tender #896; Tender Date 14 Mar 2024
14th Mar 24, 2:45pm
by
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.