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NZ Govt Bond Tender #898; Tender Date 28 Mar 2024
28th Mar 24, 2:45pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 898 held on Mar 28, 2024.
Tender Date: Thursday, Mar 28, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 4 Apr 2024
(1) Series Offered : 3.00% 20 Apr 2029
| Mar 28 #898 | Nov 23 #885 | Nov 16 #884 | Sep 28 #877 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 275 | 225 | 200 | 225 |
| Total Amount Allocated ($million) | 275 | 225 | 200 | 225 |
| Total Number of Bids Received | 31 | 43 | 55 | 39 |
| Total Amount of Bids Received ($million) | 619 | 544 | 1199 | 371 |
| Total Number of Successful Bids | 13 | 13 | 9 | 21 |
| Highest Yield Accepted (%) | 4.3650 | 4.8150 | 4.8475 | 5.2400 |
| Lowest Yield Accepted (%) | 4.3525 | 4.7925 | 4.8375 | 5.2125 |
| Highest Yield Rejected (%) | 4.4425 | 4.8750 | 4.9000 | 5.2825 |
| Lowest Yield Rejected (%) | 4.3650 | 4.8150 | 4.8475 | 5.2400 |
| Weighted Average Accepted Yield (%) | 4.3580 | 4.8086 | 4.8439 | 5.2260 |
| Weighted Average Rejected Yield (%) | 4.3793 | 4.8346 | 4.8600 | 5.2522 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 10.30 | 73.90 | 41.90 | 46.20 |
| Coverage ratio | 2.25 | 2.42 | 5.99 | 1.65 |
(2) Series Offered : 4.25% 15 May 2034
| Mar 28 #898 | Jan 25 #890 | Nov 2 #882 | Oct 19 #880 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 225 | 175 | 175 | 200 |
| Total Amount Allocated ($million) | 225 | 175 | 175 | 200 |
| Total Number of Bids Received | 35 | 28 | 52 | 47 |
| Total Amount of Bids Received ($million) | 656 | 265 | 693 | 766 |
| Total Number of Successful Bids | 8 | 17 | 5 | 9 |
| Highest Yield Accepted (%) | 4.5800 | 4.7750 | 5.3500 | 5.5975 |
| Lowest Yield Accepted (%) | 4.5700 | 4.7375 | 5.3450 | 5.5875 |
| Highest Yield Rejected (%) | 4.6675 | 4.8175 | 5.4975 | 5.6525 |
| Lowest Yield Rejected (%) | 4.5800 | 4.7750 | 5.3500 | 5.5975 |
| Weighted Average Accepted Yield (%) | 4.5745 | 4.7593 | 5.3481 | 5.5932 |
| Weighted Average Rejected Yield (%) | 4.5994 | 4.7953 | 5.3751 | 5.6130 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 57.10 | 53.70 | 32.30 | |
| Coverage ratio | 2.92 | 1.51 | 3.96 | 3.83 |
*Individual allotments may vary due to rounding.
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